How does the proof of stake consensus mechanism work in Ethereum?

1 answers

• Apr 19, 2022 · 3 years ago
  In Ethereum, the proof of stake consensus mechanism is implemented through a protocol called Casper. Validators are chosen based on the amount of cryptocurrency they hold as a stake, and they take turns proposing and validating blocks. This consensus mechanism aims to achieve consensus in a decentralized manner, without relying on energy-intensive mining. Validators are incentivized to act honestly and secure the network, as they can earn rewards for their participation. Additionally, penalties are imposed on validators who behave maliciously or try to attack the network. This ensures the integrity and security of the Ethereum blockchain. Overall, the proof of stake consensus mechanism in Ethereum offers a more sustainable and scalable approach to achieving consensus.
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