The Pros And Cons Of Proof Of Stake Technology
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Proof of stake (PoS) has become a popular consensus algorithm in the cryptocurrency world. Its popularity is because it is more energy efficient than proof of work (PoW), which was the original consensus algorithm used by Bitcoin. However, there are also some drawbacks to using PoS that should be considered before deciding whether or not to use it. PoS requires far less energy to run than PoW and can be more secure than other consensus algorithms. It can be very difficult to earn rewards if you don't have a lot of coins staked.
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