Cryptocurrency Mining and Proof of Stake Algorithms

Proof of Stake (PoS) is a consensus algorithm under which randomly chosen validation nodes (validators) stake native tokens (staking) of the blockchain network. A validator will receive rewards by successfully adding blocks to the current blockchain. PoS also protocols use pseudo-random sequencing to choose validators for block forging (generation) Randomized block selection focuses on validators with a combination of the highest stake and lowest hash value. A higher stake improves the chances of a node being selected for forging the block.