🔵About us PoS

(Proof of Stake systems have validators in place of miners. There is no mining and there is no race to guess hashes. Instead, users are randomly selected and the selected user must submit (“create”) a block. For the correct block, the user receives the fees paid for the transactions in the block. receives an award.

However, not all users are eligible to be selected as validators. The protocol chooses taking into account certain factors. To be selected, users must have locked a stake, a predetermined amount of the blockchain's native currency. Staking works like bail: just as it forces defendants to pay large sums to deter them from missing out on hearings, verifiers are forced to lock up a certain amount of stakes to prevent cheating.