Pure Proof of Stake (Pure PoS) is a consensus mechanism used by blockchain networks to validate transactions and secure the network. Unlike Proof of Work, which relies on computational power, Pure PoS allows participants to create new blocks and confirm transactions based on the number of coins they hold and are willing to “stake” as collateral.In a Pure PoS system, validators are chosen to create new blocks based on their stake and the time they have held their coins. This approach encourages users to hold their assets rather than trade them frequently, potentially enhancing network stability and security.Rewards for validating transactions are often distributed in proportion to the amount staked, incentivizing more participation and investment in the network. Additionally, Pure PoS can be more energy-efficient compared to systems requiring intense computational work, making it a more sustainable option for block validation.Overall, Pure PoS aims to balance decentralization with efficiency, enabling a secure and scalable framework for transactions.
Bank of Japan Weighs Additional Rate Hikes as Inflation Persists
The Bank of Japan will continue to raise interest rates if economic and price trends progress as expected, Deputy Governor