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RE: Live Episode #35 A Miner's perspective, state of cryptocurrency mining! Ethereum, XMR, Zcash, Ubiq
If so, who is going to do the necessary transaction?
If so, who is going to do the necessary transaction?
Quote from ETH wiki:
In general, a proof of stake algorithm looks as follows. The blockchain keeps track of a set of validators, and anyone who holds the blockchain's base cryptocurrency (in Ethereum's case, ether) can become a validator by sending a special type of transaction that locks up their ether into a deposit. The process of creating and agreeing to new blocks is then done through a consensus algorithm that all current validators can participate in.
You can read the full article here: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ