What is Proof of Stake (PoS)?

Proof of Stake = Method in Masternodes

With Proof of Stake the creator of the new block is chosen in a deterministic way depending on its wealth and also defined as a stake. As there is no block reward in Proof of Stake the “forgers” (as they are called in POS) take the transaction fees. This means that Proof of Stake currencies can be a thousand times more energy and cost-effective in its operations.

Read about Proof of Work (PoW)


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