What Does Proof-of-Stake (PoS) Mean in Crypto?

Blockchain technology verifies transactions using the Proof of Stake (PoS) consensus algorithm. It provides an alternative to Proof of Work (PoW) in securing a blockchain network. PoS can enhance the efficiency of blockchain networks, overcome the drawbacks of PoW, and reduce power consumption. This article will delve into PoS and its significance.

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