Lens1000
VIP Contributor
The proof-of-stake POS is a mechanism that is adopted in the blockchain network and it is a process of validation. Also it's a process where transactions are confirmed in a secure network unlike the proof-of-work that relies on the computational power. The proof of stake actually select validators and this validators would create a new blocks and they would also validate the transactions based on the amount of cryptocurrency that the hold and the cryptocurrency that they are willing to stake as collateral. The proof-of-stake system allow participants known as validators or stakers to create new blocks and verify transactions.
