From Peercoin Wiki
Revision as of 23:45, 9 May 2015 by Mably (Talk | contribs) (Peercoin proof-of-stake diagram for protocol v0.4)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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



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.