Proof of Stake
From Open Risk Manual
Revision as of 23:16, 10 February 2020 by Wiki admin (talk | contribs)
Definition
Proof-of-Stake. It is a consensus algorithm that uses ownership of the blockchain's currency as a scarce resource to ensure security and integrity of the blockchain. This is also in limited supply, and for an actor tobe able to make changes not following the rules of the chain, they would need to own more than half of the coins.
