book

Introducing Blockchain Applications: Understand and Develop Blockchain Applications Through Distributed Systems

Name: Introducing Blockchain Applications: Understand and Develop Blockchain Applications Through Distributed Systems
Author: Joseph Thachil George
ISBN: 9781484274804

by Joseph Thachil George

November 2021

Beginner to intermediate

462 pages

9h 49m

English

Apress

Content preview from Introducing Blockchain Applications: Understand and Develop Blockchain Applications Through Distributed Systems

J. T. GeorgeIntroducing Blockchain Applicationshttps://doi.org/10.1007/978-1-4842-7480-4_5

5. Proof of Stake: Consensus of the Future

Joseph Thachil George¹

(1)

Rome, Italy

The Proof of Stake algorithm replaces miners with validators and makes the mining process virtual. Ethereum developers have always wanted to switch to Proof of Stake, but it presents some problems that developers are still working to resolve.

The Proof of Stake algorithm is based on a different mining philosophy of blocks.

In general terms, the algorithm is based on these facts:

Any user who wants to be a validator must register on the network as validators through a stake of coins. The stake ...

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