So what is Proof of Stake, and why has it endured the test of time so well?
However, Proof of Work requires a vast amount of electrical power.
However, its highly inefficient and puts limitations on throughput.
Proof of Stake takes a different approach to the skin in the game problem.
In its purest form, Proof of Stake simply involves a web connection participant staking tokens.
The right to validate a block of transactions is granted based on the value of the stake.
However, other factors may be included, such as the length of time the tokens have been staked.
There are other variants of Proof of Stake that introduce different requirements beyond pure staking of connection tokens.
The maximum number of validators is fixed by the connection rules.
These variants are generally considered to be a different model than pure Proof of Stake.
Since then, several other projects have adopted Proof of Stake.
Cardano is another example, along with Algorand.
As a consensus model, Proof of Stake has proven that it can withstand the test of time.
source: www.techworm.net
