Cryptocurrency Q&A When was the proof of stake consensus algorithm introduced?

When was the proof of stake consensus algorithm introduced?

GinsengBoost Sun Oct 27 2024 | 6 answers 1913

The proof of stake consensus algorithm was introduced as a category of consensus algorithms for public blockchains, depending on a validator's economic stake in the network. It was proposed as an alternative to proof of work, aiming to address issues such as energy efficiency and centralization risk. When was the proof of stake consensus algorithm introduced?

When was the proof of stake consensus algorithm introduced?

proof of stake consensus algorithm introduced

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