What Is Proof of Stake (PoS)? ✨
Proof of Stake (PoS) is now the leading consensus mechanism for many modern blockchain networks. It was developed as an alternative to Proof of Work (PoW), replacing energy-intensive mining with an economic system centered on staking tokens.
Instead of competitive computing power, PoS involves participants securing the network by locking up their coins. This honest behavior is rewarded, contributing to the network's integrity and security.
While PoS comes in many variations today, all implementations share foundational principles. Understanding these core concepts is key to grasping how modern blockchains operate.