Proof of Stake (POS)
The proof of stake method of consensus that has been in the news almost constantly ever since Ethereum announced its plans to move to it, and other exciting new currencies like OmiseGo (OMG ) and Crypto Improvement Fund (CIF ) are planning to use it as well. POS has been around for a while, with currencies like PeerCoin, CureCoin, and Clams using it.
With POS, there is a big element of chance involved, and it is, in fact, a lot more like a lottery. The more tickets you have, the more likely you are to win. With POS, the more crypto you hold, the more likely you are to successfully get a staking payout. Holding just one or two units of the currency will almost certainly result in you receiving zero stake payouts.
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