what is Proof of Stake?-Definition of all finance terms

Definition of Proof-of-Stake

It is the alternative to proof of work.  Proof-of-stake is a concept that letting know about the capacity of a person can hold the block transactions by checking how many numbers of digitized coins or currency they have. Therefore, a person with more coins can have a greater number of block transactions in a chain.

Brief Explanation of Proof-of-Stake

For the execution of holding the block transaction, the minor or the person has a computing knowledge to deal with different cryptographic calculations to unlock the computational challenges. To hold the transactions in a chain the minor must be aware of all the challenges in a market.

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