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What is proof-of-stake (PoS)? Proof-of-stake is a way to prove that validators have put something of value into the network that can be destroyed if they act dishonestly. In Ethereum's proof-of-stake, validators explicitly stake capital in the form of ETH into a smart contract on Ethereum.
Sometime in the first half of 2022, in a dramatic event termed “ The Merge,” Ethereum plans to transition its entire network to a different consensus mechanism: proof of stake, which it...
'Proof of stake' The Ethereum blockchain is due to merge with a separate blockchain, radically changing the way it processes transactions and how new ether tokens are created. The new system,...
Ethereum uses a proof-of-stake mechanism to secure the blockchain. How does proof-of-stake compare to proof-of-work? Both proof-of-work and proof-of-stake are mechanisms that economically disincentivize malicious actors from spamming or defrauding the network.
This page explains the rationale behind Ethereum's switch to proof-of-stake from proof-of-work and the trade-offs involved. Security Ethereum researchers consider proof-of-stake more secure than proof-of-work.
Proof of stake (PoS) is the underlying mechanism for Ethereum’s consensus algorithm. For those unversed about this change, in 2022, Ethereum officially switched to the PoS mechanism, which is believed to be less energy-intensive and provides a platform for implementing new scaling solutions.
Proof of stake, on the other hand, requires “validators” to put up a stake—a cache of ether tokens in this case—for a chance to be chosen to approve transactions and earn a small reward. The more...