PoS

Here is a short guide on Proof of Work (PoW) and Proof of Stake (PoS): Proof of Work (PoW) PoW is a type of algorithm used by cryptocurrencies to achieve distributed consensus. It is the most widely used consensus algorithm by cryptocurrencies such as Bitcoin, Monero, and Litecoin. In PoW, miners compete to solve complex mathematical problems called "hashes." The first miner to solve the problem gets to add the next block to the blockchain and is rewarded with a…

In a proof of stake (PoS) protocol, a new block's creator is chosen deterministic, depending on their stake (how many coins they hold) in the cryptocurrency. This is in contrast to proof of work (PoW) protocols, where the creator of a new block is chosen based on their ability to solve a computationally difficult problem. Here's how a PoS protocol typically works: The network selects the next block producer (often called a "validator") through a randomized "lottery" based on their…