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Proof of stake

Proof of stake

In contrast to the proof of work mechanism, which relies on proving that a certain piece of work was performed, proof of stake is based on proving someone’s ownership of a share. This method of protection requires confirmation that sufficient funds are stored on the account. The cryptocurrency’s algorithm, in this case, chooses the account in the block with the highest amount of money for confirmation. This way, conducting a DoS attack, for example, is made very expensive.

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