Proof of Stake 101 – Users Stake their tokens to a Stake Pool in the hope that they will be rewarded after each epoch.
Proof of Stake systems usually uses transaction fees as a reward. The bigger the stake, the bigger the chances. Different cryptocurrencies using Proof of Stake algorithms have their own rules and methods.
The main advantages of the Proof of Stake algorithm are energy efficiency and security. Users can run nodes as it’s easy and affordable. Making it more decentralised.
