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What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and metaverse transactions

  • Written by Scott Ruoti, Assistant Professor of Computer Science, University of Tennessee
What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and metaverse transactionsBlockchain transactions are carried in blocks. The amount of energy it takes to add a new block varies widely depending on how it's done.Yuichiro Chino/Moment via Getty Images

Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that can’t be deleted or altered. It’s...

Read more: What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and...

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