Simplified Visualization of Proof of Stake (PoS) Consensus Algorithm 🔍

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Description: For full explanation: https://medium.com/@jdgb.projects/learn-the-main-consensus-algorithms-to-better-understand-cryptocurrencies-1a414505360e

In this video, I'll explain the Proof of Stake (PoS) consensus algorithm, a popular alternative to Proof of Work (PoW) used by various cryptocurrencies. PoS uses a different approach to validate transactions and secure the network, by requiring users to hold a certain amount of cryptocurrency, which they "stake" to become validators.

I'll provide a clear visualization of how PoS works and the differences between PoS and PoW. You'll see how validators are selected, how they verify transactions, and how they're incentivized to act honestly. By the end of the video, you'll have a better understanding of how PoS works and its potential advantages over other consensus algorithms.

Tags: #ProofOfStake #PoS #Cryptocurrency #ConsensusAlgorithm #Blockchain #Validation #Validator #Crypto #Staking #cardano