Cryptocurrency Q&A
Is polkadot a PoS?
Is polkadot a PoS?
Daniela
Thu Nov 07 2024
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7 answers
1039
I'm trying to figure out if Polkadot is using the Proof of Stake mechanism. I've heard about different consensus algorithms and I want to confirm if Polkadot specifically employs the PoS approach.
7 answers
Ilaria
Fri Nov 08 2024
Polkadot employs a unique mechanism for selecting its validator set.
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CryptoPioneer
Fri Nov 08 2024
Validators are responsible for validating transactions and maintaining the integrity of the blockchain.
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Michele
Fri Nov 08 2024
Nominators, on the other hand, play a crucial role in the selection process of validators.
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Dario
Fri Nov 08 2024
This mechanism is called Nominated Proof of Stake, or NPoS.
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SarahWilliams
Fri Nov 08 2024
NPoS is specifically designed to enhance the security of the Polkadot chain.
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