Proof of stake consensus model

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Abbreviation(s) and Synonym(s):

None

Definition(s):

A consensus model where the blockchain network is secured by users locking an amount of cryptocurrency into the blockchain network, a process called staking. Participants with more stake in the system are more likely to want it to succeed and to not be subverted, which gives them more weight during consensus.
Source(s):
NISTIR 8202

Glossary Comments

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Information Technology Laboratory

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Computer Security Resource Center

Proof of stake consensus model

Glossary Comments