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What is Proof-Of-Stake?

  • - Proof-of-Stake has negative impact on the environment, is expensive to be a miner, and has scalability issues.
  • - Proof-of-Stake does not have miners, but instead validators are chosen in a pseudo-random way.
  • - Validators put their cryptocurrency on stake and are rewarded based on their stake.
  • - Factors affecting validator selection include stake amount, length of staking, and randomization.
  • - Higher stake amounts increase the chances of being selected, which some argue may lead to centralization.

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