MultiversX Tracker is Live!

How does Proof of Staking protocol actually works?

Binance

Cryptocoins Exchanges / Binance 260 Views

I understood that PoS works by randomly selecting nodes, with respect to amount of coins staked. That node has to verify the block and this process can make PoS more decentralized, fast and cheaper. But how do they still "verify" the block? Kindly explain.

Like incase of PoW, they use superfast computers to guess the hash of a block, something like that, do they still need superfast computer resources in PoS? Or what protocol they use?

submitted by /u/AayushBoliya
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments