Get up to 80 % extra points for free! More info:

Discussion: What is Proof of Stake, and how does it work?

In the previous quiz, Online C#.NET Quiz, we tested our experience gained from the course.

Activities
Avatar
llywood
Member
Avatar
llywood:27. July 8:59

I am just starting to understand the world of cryptocurrencies and have come across the term “proof of stake”. I need to understand how it works and what advantages this system offers over other methods. Can you explain to me what proof of stake is and how it affects cryptocurrency networks?

 
Reply
27. July 8:59
Avatar
gazzelyna
Member
Avatar
gazzelyna:27. July 9:00

If you're just starting to understand proof of stake, it may sound a bit complicated, but it's really just a way to make money from cryptocurrency. Instead of mining, you leave your tokens on the network, keeping it safe and earning rewards. If you want to make it easier on yourself, try XBANKING. It's a platform where you can easily do staking on over 140 tokens. It's simple and easy, here's the link for details https://xbanking.org/

 
Up Reply
27. July 9:00
To maintain the quality of discussion, we only allow registered members to comment. Sign in. If you're new, Sign up, it's free.

2 messages from 2 displayed.