Hi,
Proof of Stake (PoS) is an algorithm to achieve distributed consensus in the blockchain network.
PoS concept says that a miner/validator can validate block transactions based on his amount of stake i.e. coins and age of the stake. Validator holding a larger stake in a coin with good aging is more committed to the network. The creator of the next block in PoS-based cryptocurrencies is chosen based on a combination of the random selection and the stake or age.
PoS has some benefits over PoW like faster validations, energy efficiency, less expensive hardware, etc.
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