What is Proof of Stake (PoS)｜Explained For Beginners

💡 The Proof Of Stake algorithm uses a pseudo-random election process to select a node to be the validator of the next block, based on a combination of factors that could include the staking age, randomization, and the node’s wealth.

📚 Read our articles to learn more about Proof of Stake

⏱️ Timestamps
What is Proof of Stake(PoS) 00:00
How Does PoS Work 00:19
The Security of PoS 02:51
The Advantages of PoS 03:36

👨🏻‍🎓 Binance Academy - Blockchain and Crypto Explained

#Blockchain

[duvalle]

The explanation and richness of detail are by far better than the literature papers that I'm reading to write my thesis. Excellent job!

[aee]

I would like to say thanks for the team made this nice presentation.

[hanitsch]

Thanks. I don't have time to dive into this complicated topics and I really appreciate your simple explanation!

[kiwiryker]

I recently moved from coinbase to Binance, don’t have much money $2 k NZ but learning because of videos like this

[xRoozbehZarei]

Informative video. The only question is where does the forging process come from? When the forging is happening, who does it and how? Thank you.

[papaulogamerofc]

Three questions:

1 - How are the coins generated in a proof of stake economy?
2 - If there are two conflicting blockchains, how do I know which one is the real?
3 - Who selects the node to validate the next block (I know it's random, but who calculates the random)?

You can say that "the validators vote", but if they are conflicting since its origins?

[jaredlising-simplybrewedph]

what is the reqs. for having a pos node? is it like a regular computer household? or does is in the first place need mining computers as well describe as node in order to stake?

[STalvacchia]

Can someone explain a bit more on what/how a validator operates?

Anyone with crypto that uses proof of stake could be called on to be a validator? What is the experience of the user side, they're notified of the transaction and reward? And how are the transactions checked for validity? It might be over my head, but if anyone could expand on that, I'd appreciate it.

[Raz_mik]

In PoW once the puzzle is solved the rest of the network need to check that it’s correct before a new block is mined. Does this principle apply to PoS as well? After the validator validates the transaction, does the rest of the network need to verify that it’s validated properly?

[millionairemotivation]

I've watched many videos I still can't understand how can a new crypto emerge just by stacking

[cliffworsfold]

“Mining pools are no longer needed”

*staking pools has entered the chat*

[jaidenpoole]

Appreciate it for sharing! Looking for advice: My OKX wallet has some Tether, and I know the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how to proceed with moving them to another wallet on Binance?

[LesleyOpoka]

Cheers for publishing this! I need advice: My crypto wallet on OKX holds some Tether USDT, and I have the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to go about transferring them to Upbit?

[JamalMaier]

Thank you for publishing this! Hoping for some advice: My crypto wallet on OKX holds some Tether, and I know the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I handle transferring them to KuCoin?

[EmersonSaabatmand-di]

Thank you for posting! Looking for help: My Tron Wallet contains some Tether USDT, and I possess the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I go about moving them to another wallet on Binance?

[raulleaomc]

how does proof of stake validates? I mean, what happen when i get chosen to be a validator? Do i need to let my PC on 24/7 so it can validate the block?

[JeromeBruckner]

Thank you for posting! Looking for guidance: My OKX wallet holds some USDT trx, and I possess the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I proceed with transferring them to KuCoin?

[SurPaul]

Binance, спасибо за русские субтитры!

[EloyLolling]

Thank you for publishing this! Hoping for some help: My crypto wallet on OKX has some USDT, and I have the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I proceed with transferring them to Binance?

[vinceone]

under POW, who validates the chosen validator？