Let's get to know the Proof of Stake (PoS) system.

Sep 16, 2022

1 min read

Let's get to know the Proof of Stake (PoS) system.

Proof of Stake (PoS) is a system used to create Consensus on Blockcnain. Usually, equations need to be solved, but PoS doesn't need to be solved, instead it is to place insured assets in the system. in order to have the right to verify and confirm transactions

The Proof of Stake (PoS) system is built to reduce the power consumption of mining. The Proof of Stake (PoS) system uses a random method of reviewers. It is responsible for forging and building new blocks on Blockcnain and earns coins in return for that transaction. In terms of security, if the system detects fraudulent transactions The system will withdraw the security deposit. and have to go through random to check again This system also limits the number of times to be an inspector or to limit assets that are collateralized. This prevents centralization from having the system selects auditors based on the number of collateral assets.

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