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Proof of Stake (PoS)

Proof of Stake is a form of the blockchain consensus process. It chooses validators at random from the network using a probability method proportionate to the validators' holdings in the blockchain's native coin. After the computation is performed, the validating node is paid with transaction fees. The Proof of Stake method was developed as an alternative to the Proof of Work mechanism, which lacks scalability because of its energy-intensive nature and the requirement for miners to compete with elite hardware to validate blocks. Some consider Proof of Stake to be a more secure paradigm since it reduces miners' incentives to attack networks. A validator loses some of its stakes if they verify false transactions.