What does "Proof of Stake" (PoS) mean in cryptocurrency - Practice (English) - ObjectiveMcq

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What does "Proof of Stake" (PoS) mean in cryptocurrency - Practice (English) - ObjectiveMcq

HomePracticeBlockchainBasicsWhat does "Proof of Stake" (PoS) me...

Basics BlockchainMedium

What does "Proof of Stake" (PoS) mean in cryptocurrency?

Correct Answer: A — A consensus mechanism where validators are chosen based on the number of coins they hold

Explanation:

Proof of Stake is a consensus mechanism where validators are selected based on their stake in the cryptocurrency. It is energy-efficient compared to Proof of Work.

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