What is Proof of Stake (PoS) in Blockchain Technology?
Proof of Stake (PoS) is a blockchain consensus mechanism where validators are chosen to confirm transactions based on the amount of cryptocurrency they stake as collateral. Unlike Proof of Work, which requires energy-intensive mining, PoS relies on participants locking up coins to secure the network. This article explores the basics of PoS, its benefits, and its impact on the blockchain technology.
What is Crypto Staking and How Does It Work | Staking Crypto
Cryptocurrency staking has become a popular method for investors to earn passive income while supporting the security and efficiency of blockchain networks. In crypto staking process, cryptocurrency holders lock up their coins to participate in maintaining the security and operations of a blockchain network. In return, they earn rewards in the form of additional cryptocurrency.