Thursday, March 28, 2024

Pure Proof of Stake (PPoS)

by Hideo Nakamura

What is Pure Proof of Stake (PPoS)?

Pure Proof of Stake (PPoS) is an alternative consensus mechanism for blockchain networks. It was designed as a more energy-efficient and secure way to reach network consensus than the traditional proof-of-work model. Unlike proof-of-work, which requires miners to solve cryptographic puzzles in order to add new blocks to the chain, PPoS allows users who hold a certain amount of coins or tokens on the network — known as stakers — to validate transactions and create new blocks. This reduces the amount of computing power required for consensus, resulting in lower energy consumption and faster transaction speeds. Additionally, it provides greater decentralization since anyone with enough stake can become a validator node regardless of their computational resources.

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