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Thursday May 24th 2018

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Proof Of Stake

Definition of "Proof Of Stake"

With the proof of stake (PoS) system, it varies from the PoW in that the computer asks users (those who already hold stake of a coin) to repeatedly run hashing algorithms to validate electronic transactions. This method requires less computing power and energy (which is also a balance to the costly energy of pure PoW systems).

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