Blog: Ethereum Classic Course: 12. Proof of Stake Explained

You can listen to or watch this video here: Proof of Stake Purpose As we explained in class 5 of this course about Ethereum, proof of stake (PoS) eliminates the need for proof of work (PoW), which uses enormous amounts of computing power and electricity, and replaces it with user deposits in special accounts inside the ledger. These deposits are called stakes and give their stakers the right to…