Secure Proof of Stake in Blockchain, Explained

Proof of Stake consensus mechanism states that a person can either mine or validate block transactions in accordance with how many coins he or she possesses. Now, this implies that the more bitcoin or altcoins are owned by a miner, the more mining power he or she has.

The first digital currency to adopt this method of Proof of Stake was Peercoin.

Original source
https://hackernoon.com/secure-proof-of-stake-in-blockchain-explained-f7fbea5a787a?source=rss----3a8144eabfe3---4

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