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.