The State of Staking Proof-of-Stake (PoS) is a consensus mechanism used by some networks to validate transactions and secure the network. Unlike Proof-of-Work (PoW), which relies on computational power and energy consumption, PoS requires participants ‘stake’ or lock assets into the network to provide cryptoeconomic security, as the stake can be forfeited/slashed if they engage in dishonest behavior.
The State of Staking
The State of Staking
The State of Staking
The State of Staking Proof-of-Stake (PoS) is a consensus mechanism used by some networks to validate transactions and secure the network. Unlike Proof-of-Work (PoW), which relies on computational power and energy consumption, PoS requires participants ‘stake’ or lock assets into the network to provide cryptoeconomic security, as the stake can be forfeited/slashed if they engage in dishonest behavior.