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Ethereum Proof-of-Stake

Definition

Ethereum Proof-of-Stake (PoS) is the consensus mechanism adopted by the Ethereum blockchain, replacing its previous Proof-of-Work (PoW) system. Under PoS, validators are chosen to create new blocks and verify transactions based on the amount of Ether they have staked as collateral. This system aims to improve network security, reduce energy consumption, and enhance scalability compared to PoW. It represents a fundamental shift in how the Ethereum network achieves distributed agreement and processes operations.