PoS

Phonetic: /ˈpruːf əv steɪk/, /ˌpiː oʊ ˈɛs/

Part of Speech: noun

Category: To be determined

Initialism; Proof of Stake. A consensus mechanism in which an individual node, or “validator”, validates transactions or blocks. Validators lock up a certain amount of cryptocurrency, such as ether, into a ‘stake’, in order to be able to participate in consensus. If the node validates a block (group of transactions) correctly, then the validator receives a reward. Conversely, if the validator behaves poorly by validating incorrect transactions or by not maintaining sufficient network connectivity, the cryptocurrency they staked can be ‘slashed’, or taken from them and put out of circulation (‘burned’). PoS requires a negligible amount of computing power compared to Proof of Work consensus.

Definition source: Mapachurro probably wrote this.

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This word came from... the ether

Date first recorded: Unknown

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