The winner was the first valid vote to be resolved and added to the blockchain. However, PoW could not be the best choice for because it is slow, energy-intensive, and does not provide the scalability required for a high number of voters.
The more tokens a validator
Let us now consider Proof of Stake (PoS). Consider PoS as a voting system buying phone numbers in which participants (validators) have voting power based on the number of tokens they hold. Validators are randomly selected in this system to build new blocks and verify transactions.
“engages” or locks up as collateral, the more likely they will be chosen to build a block.
PoS, unlike PoW, does not require BTC Database EU competitive puzzle solving. Testers are instead selected in a more precise and accurate manner, based on the number of tokens they are willing to “bet” on the system.
Test takers must be honest as they risk losing their marks if they try to cheat or manipulate the system.