Proof of stake, What does it mean?

Proof of stake is a term used in the cryptocurrencies field. It is key to understand it in order to fully understand this world

Definition of Proof of stake

A mining process where the miner can prove ownership of a number of cryptocurrency units to validate block transactions and gain rewards, based on the amount they own.

Proof of stake is related to

MiningNodeToken

See more: Cryptonyms glossary