Proof of stake is a consensus mechanism, which makes sure that only legitimate transactions get added to blocks.
It works by having validators lock up their cryptocurrency to secure the network.
What is a consensus mechanism?
What is proof-of-work?
What is proof-of-stake?
🖥️ Since earning rewards isn’t based on having the most computing power, you don’t need super-fancy hardware.
🔌 Because of the lower hardware requirements, proof of stake uses far less energy than proof-of-work.
👨💻 More people can participate in running a PoS node, which will allow for further decentralization and more resistance to 51% attacks.