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Peercoin
| GlossaryA cryptocurrency that uses both PoW and PoS in its consensus mechanism to offer increased security.
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Forging Reward
| GlossaryAn amount of coins paid to users for participating in PoS consensus.
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Minting
| GlossaryThe process by which users on a PoS blockchain verify transactions and receive new coins for their participation.
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Is DPoS an Improvement over PoS?
| Latest Crypto NewsWhy is Consensus Important? Let’s use a historical example to illustrate the importance of consensus. If I want to trade you salt for sugar, how do we ensure th...
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PoS
| GlossaryProof of Stake. A consensus mechanism in which individuals use their holdings of a cryptocurrency to secure the platform in exchange for rewards.
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Hybrid PoS/PoW
| GlossaryA consensus mechanism that employs both Proof of Stake and Proof of Work algorithms.
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Proof of Importance
| GlossaryProof-of-Importance is a consensus algorithm similar to PoS. Nodes "vest" currency to participate in the creation of blocks. Unlike PoS, Proof-of-Importance quantifies a person’s support of the network. NE...
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Tangle
| GlossaryA consensus method that allows users to transact anonymously and requires relatively little electricity. An alternative to PoW (Proof of Work) and PoS (Proof of Stake).
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Proof of Stake
| GlossaryPoS. A method of minting new coins and securing a platform by allowing users to stake their coins and receive more coins as a reward. Introduced as an energy efficient alternative to PoW (Proof of Work)....
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PoI
| GlossaryPoI stands for Proof-of-Importance. It is a new consensus algorithm that requires users to stake currency to participate in the consensus. Compared to PoS, it adds importance to staking. Thus, it takes into ...
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