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    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 Justin Chan founded datadriveninvestor.com, a tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at justinchan@datadriveninvestor.com.