✅ Series Three: Advanced Crypto Basics
Lesson 1: What is Proof of Stake (PoS) Technology?
#HOME
Proof of Stake (PoS) is a system used to validate transactions in blockchain networks without the need for massive mining hardware.
🔹 Instead of mining, coin owners are chosen to confirm transactions based on the amount of currency they hold and "freeze" or "stake" it.
🔸 This method: – Is more energy-efficient
– Faster in processing transactions
– Less harmful to the environment compared to Proof of Work (PoW)
Examples of coins that use PoS:
– Cardano (ADA)
– Polkadot (DOT)
– Solana (SOL)
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📌 Summary:
Proof of Stake is a technological advancement that makes blockchain more sustainable and faster, opening up opportunities for users to earn passive income through staking.
#CryptoLevelUp
