Innovation Management
Proof of Stake (PoS) is a consensus mechanism used in blockchain networks to validate transactions and create new blocks. Unlike Proof of Work, where miners compete to solve complex mathematical problems, PoS selects validators based on the number of coins they hold and are willing to 'stake' as collateral. This method not only promotes energy efficiency but also enhances decentralization by allowing more participants to secure the network without requiring expensive hardware.
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