Q & A

What is proof of stake?

Mattison Asher Sep 23, 2020 1 Answer

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Proof-of-stake (PoS) is a consensus mechanism used by some blockchains. Users with staked token in the network can partecipate to the convalidation of the blocks and to receive rewards for this.

The right to validate a block and receive rewards is generally awarded by a protocol and is based on the proportional staked value.