Difference between revisions of "Proof-of-stake"

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m (Peercoin proof-of-stake diagram for protocol v0.4)
m (Peercoin proof-of-stake diagram for protocol v0.4)
 
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== Peercoin proof-of-stake diagram for protocol v0.4 ==
 
== Peercoin proof-of-stake diagram for protocol v0.4 ==
  
[http://ppcsuite.github.io/images/peercoin-pos-diagram.html http://i.imgur.com/Q7lMFPil.png]
+
[http://ppcsuite.github.io/images/peercoin-pos-diagram.html https://i.imgur.com/Q7lMFPil.png]
  
 
* [http://ppcsuite.github.io/images/peercoin-pos-diagram.html Diagram in HTML format] ''(zoomable and clickable)''
 
* [http://ppcsuite.github.io/images/peercoin-pos-diagram.html Diagram in HTML format] ''(zoomable and clickable)''

Latest revision as of 23:45, 9 May 2015

Proof-of-stake is a method of securing a cryptocurrency network and achieving distributed consensus through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run difficult hashing algorithms to validate electronic transactions. Peercoin was the first cryptocurrency to launch using Proof-of-Stake.

Peercoin proof-of-stake diagram for protocol v0.4

Q7lMFPil.png

FAQ

When a person with large computing power and a person with a large stake both compete to generate a new block who wins?
PoS wins, detailed answer here.

Links