PoS, Proof of Stake
Solana, Ton amongst others are notable Blockchains we've looked at that make use of this Consensus mechanism.
PoS is a Consensus that demands staking of some tokens (native to that particular crypto Blockchain) in other to be able to run a validator node and validate transactions in the Blockchain. Now this is where PoH comes in.
It may interest you to know that when new blocks are created, they include a timestamp to show the particular time that very Blockchain was created.
Believe you me when I tell you that PoH is not as simple as it may look.
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Web3 Tutor⛓️ Demo Trader🩺 Web3 Hacker In-view♟️ Dr. In-view🥋 Web2Web3 Researcher☯️ CowryWise & Bitget Ambassador🫂 SMM (GIDA)🕺 News Writer (DiutoCoinNews)🛡️ Cover Enthusiast🦯
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Similar ideas to Consensus Proper 1
The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Token holders may ...
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