Pure Proof of Stake (PPoS)

Understand essential crypto terminology specific to PvE content, equipping you with the key concepts and language needed to navigate this unique gaming landscape.

Pure Proof of Stake (PPoS) is a consensus mechanism used in blockchain networks to validate transactions and secure the network. In this system, validators are chosen to create new blocks based on the amount of cryptocurrency they hold and are willing to “stake” or lock up as collateral.Unlike Proof of Work, which requires energy-intensive computations, PPoS relies on the ownership of tokens, making it more energy-efficient. The likelihood of being selected as a validator is proportional to the amount of cryptocurrency staked, meaning those with a larger stake have a greater chance of earning rewards.PPoS aims to enhance security and decentralization. If validators act maliciously, they risk losing their staked tokens. This creates an economic incentive to maintain the network’s integrity. Additionally, PPoS allows for quick finality of transactions, making it suitable for applications that require speed and efficiency.Overall, PPoS promotes a more sustainable and equitable approach to blockchain governance, rewarding participants who have a vested interest in the network’s success.

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