Proof of Stake is a consensus mechanism for cryptocurrencies that provides an alternative to Proof of Work. But what is it exactly, and what is it supposed to do? Is it really the future? The solution to all of crypto’s problems as some might have you believe? Well, just like Proof of Stake itself, the answer is… complicated. Proof of Stake has been one of the most significant evolutions in cryptocurrency and blockchain consensus over the past 12 months. ![]() So let’s see if we can tackle this head-on, and hopefully by the end of this article we’ll all know just a little bit more about Proof of Stake than we did at the beginning. In the end, I concluded a story about my struggle to do so would be of little utility to anyone, save perhaps my therapist. How to write a primer on a topic so large, so complex, so fluid as Proof of Stake? Source: Sony Pictures I thought about pulling a similar stunt with this piece. ![]() ![]() The 2002 Charlie Kaufman / Spike Jonze film Adaptation is not, in fact, an adaptation of the Susan Orlean book The Orchid Thief as it was initially intended to be but rather a fictionalized story of the screenwriter’s struggle to adapt the book. We got Luxcore to write for this week’s primer on Proof of Stake – hope you find it as good (and funny) a summary as we did! From the CMC editorial desk: Having read all kinds of articles about Proof of Stake, we started wanting to see the whole picture, explained in the same place, in an easy-to-understand way.
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