What does Ethereum mining PoS mean (Ethereum mining mechanism PoS)?
What does Ethereum mining PoS mean? According to official sources, Ethereum min
What does Ethereum mining PoS mean? According to official sources, Ethereum mining PoS refers to the Proof-of-Stake mechanism on the Ethereum network. Forking in the Ethereum network occurs in the order of blocks. When a new public chain emerges, it is called PoS. If a project does not upgrade or undergo a hard fork, its code cannot be updated to the new version (meaning it does not support PoS). Therefore, Ethereum mining is a mining method based on Bitcoin and is a distributed system. One characteristic of Ethereum’s PoW blockchain is its decentralization: it ensures security and trustlessness through peer-to-peer communication; and because each node processes data using the same method, it has the characteristic of tamper resistance.
Ethereum mining mechanism PoS
According to ethnews reports, Ethereum mining mechanism PoS (Proof-of-Stake) is currently one of the most popular algorithms. It determines the final hash value of the block header by weighted calculation of the information in the block header. This means that once a block is confirmed, validators on the network do not have enough time to run the entire system; or they would need to spend a long time to recover the Proof-of-Work consensus process (PoW). PoS is an algorithm that is similar to PoW’s proof-of-work mechanism: at a certain moment, when a miner receives a block reward, the block size automatically increases.
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