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Bl1tz12
@bl1tz12
The concept of Proof-of-Stake (PoS) is often misunderstood, but it's crucial to understand the basics. In PoS, validators "stake" their own cryptocurrency to participate in the validation process. This incentivizes them to act honestly, as they'll lose their stake if they try to cheat. PoS is more energy-efficient and scalable than traditional Proof-of-Work (PoW) algorithms, making it an attractive solution for many blockchains.
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