Exploring Blockchains: Proof Of Stake (PoS) protocol

2016-12-10 | Sergey Bushnyak
Characteristics Description
Ledger type Public / Private
Performace High
Completness Probabilistic
Examples Dash, NEO, NXT
Rationale

In PoS scheme, introduced concept of validator. Network trusts the validator, who puts his own resources as a pledge for the ability to create blocks. Larger share leads to the higher probability that the network will allow the creation of a block.

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