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  1. Categories >> Software >> Cryptography >> Blockchain
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Explain a proof of stake in a simple way?

Question Posted / Anand Prakash

Answer Posted / Anand Prakash

Proof of Stake is a consensus algorithm that allows nodes to create new blocks by validating the transactions. Unlike Proof of Work, it doesn't require computational power; instead, the probability of creating a new block increases with the amount of cryptocurrency (staked) held by the node.

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