This way, the electricity isn’t wasted, and global warming is harmed. The protocol randomly selects the participant and assigns him the task to continue the process of validating the blocks.ĭo you see? In PoS, only one participant gets the responsibility to confirm the transaction. The more coins a participant stakes, the higher his chances of being chosen by protocol. In the Proof of stake model, a number of participants agree to lock up an amount of their cryptocurrency to validate transactions–with this act, they are considered stakers.To eliminate these issues, proof of stake takes the entry. The proof of work model has been criticized a lot because of the vast amount of energy it uses, worsening the effects of global warming.įor the same reason, China banned crypto mining to lower carbon emissions and help reduce the effects of global warming. The energy used by other miners to compete will be considered completely wasted. And only one of them gets selected for completing the transaction.
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