Proof-of-Stake [POS]

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    Categories: Blockchain

    An alternative consensus mechanism to the proof-of-work system. Instead of using computational power to mine for block rewards, validators use their existing stake in the project’s cryptocurrency to determine how much mining power can be attributed to them. PoS aims to reduce the wasteful energy expended through the heavy computing power required in Proof-of-Work mining.

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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.