To begin with, it is worth saying what PoS is. it is a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain.
Now let’s talk about the benefits:
- Proof-of-stake (POS) is seen as less risky in terms of the potential for an attack on the network, as it structures compensation in a way that makes an attack less advantageous.
- PoS blockchains often allow for more scalability due to their energy efficiency.
- PoS also solves the problem with ecology. If we compare it with the same PoW, then it is worth saying that PoW mining uses as much energy as a small country. The PoS mechanism seeks to solve these problems by effectively substituting staking for computational power, whereby an individual’s ability is randomized by the mining network.
- Proof of Stake (POS) uses randomly selected miners to validate transactions.
And what are the disadvantages of PoS do you know ??