PoS 3.
08 Jun 2022, 08:54
⚙️ PoS 3.0
◾️One of the two main methods of creating new blocks and minting new coins on the network is Proof of Work (PoW), and the alternative one is “Proof of Stake” (PoS).
◾️The PoW approach is used in Bitcoin and Ethereum, first-generation virtual currencies. But huge costs and energy were wasted amid excessive competition for computing power. Recently, Ethereum is working on a project to convert the PoW algorithm to the PoS method through Ethereum 2.0.
◾️Proof of Stake in PoS increases your chances of receiving coins as a reward based on network connectivity and the number of coins you store. These reward policies will compete in proportion to how many coins are staked (participating in a node), which solves the energy waste problem of Bitcoin and solves new challenges for network security.
♦️AOK Network utilizes the world's most secure PoS proof.
🔗 Let’s staking AOK: Link
AOK Community
Website | Twitter | Telegram | Whitepaper(EN) | Whitepaper(KR)
Same news in other sources
1
08 Jun 2022, 08:56
⚙️ PoS 3.0
◾️One of the two main methods of creating new blocks and minting new coins on the network is Proof of Work (PoW), and the alternative one is “Proof of Stake” (PoS). AOK Network utilizes the world's most secure PoS proof.
🔗Let’s staking AOK:
PoS 3.
⚙️ PoS 3.0
◾️One of the two main methods of creating new blocks and minting new coins on the network is Proof of Work (PoW), and the alternative one is “Proof of Stake” (PoS). AOK Network utilizes the world's most secure PoS proof.
🔗Let’s staking AOK: https://t.co/TJhO7cJLHw https://t.co/3qYtJa1p6W