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Proof of stake is an alternative consensus mechanism that adapts mining success chances with the proportion of the cryptocurrency's tokens held by the miner.

4 votes
1 answer
338 views

What is the downside of not using Proof of Work for validator selection?

Bitcoin uses Proof of Work for two things: one is to secure the blockchain with strong cryptographic signatures like a Merkle tree, and the other is to crown the validator which "mines" a solution as …
Gregory Magarshak's user avatar