Login All news Marketcap Crypto Glossary Exchange Crypto meme
2020 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

PoS

Proof Of Stake is another consensus mechanism that cryptocurrencies can rely on. The system is based on voting, and requires ownership of the related coins.

To put it in a simple way ... stackers (coin owners) get to create blocks and store transactions in them, in exchange for more coins. The bigger stack you own, the higher chance that you will be chosen to create the new block.

Strackers would operate so called Nodes or Master Nodes, so computers handling the actual transactions and storing full copies or parts of the blockchains. In order to be "allowed" to run a node, you need to deposit certain amount of said coin ... or in other words, stack it.


Top Gainer24h
Melon
$4,5956
34,35
Top Looser24h
bitUSD
$0,852
-87,39
Crypto Glossary
Whitepaper
Whitepaper is the basic document for every ICO project. It's like a standa…
Gas price
Gas price defines the price you are willing to pay for a transaction in the…
ICO Pool
ICO pools bring together investors who plan to invest into ICO's, but do no…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.