> Glossary term

Proof of Stake (PoS)

Proof of Stake (PoS) — a consensus algorithm in which the right to add blocks and verify transactions is granted to cryptocurrency owners who have staked their coins.

Proof of Stake (PoS) — a consensus algorithm in which the right to add blocks and verify transactions is granted to cryptocurrency owners who have staked their coins.

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Read: What is Proof-of-Stake, and How Does It Work?