Proof of Stake (PoS): Staking as a Tool For The Passive Incomeby@lera.valera
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Proof of Stake (PoS): Staking as a Tool For The Passive Income

by Valeriya 4mOctober 30th, 2019
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Proof of Stake (PoS) concept states that users can mine or validate block transactions depending on how many coins the user has (holds) in a personal account. The more powerful the device hashrate, the higher the miner’s bonus is. This is the way the transactions are confirmed. Staking is a useful and not as expensive way to make money on cryptocurrencies as PoW mining is. Stacking is well known for its high-security level, especially minding the 51% vulnerability to attacks due to the fact that each other must compete with each other.

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