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May 8

Understanding Blockchain Fundamentals: Proof-Of-Stake

What Is Proof-Of-Stake?IntroductionIn the previous blog posts, we discussed the fundamentals of blockchain and Proof-Of-Work which was first used by Satoshi Nakamoto and is widely used on the Bitcoin blockchain. For the scope of this blog post, I wanted to focus on another consensus algorithm — Proof-Of-Stake. The fundamental difference between Proof-Of-Work and Proof-Of-Stake is that Proof-Of-Stake works by selecting validators in proportion to their quantity of holdings in the associated cr...

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