When Was Proof of Stake Discussed on the Bitcoin Forum (Proof of Stake Abbreviation in English)
When was Proof of Stake discussed on the Bitcoin Forum? According to bitcoinist
When was Proof of Stake discussed on the Bitcoin Forum? According to bitcoinist news, Whit Gibbs, the President of the Bitcoin Foundation and a senior programmer, announced today the discussion of Proof of Stake on the Bitcoin Forum. According to the content of the post, the number of participants in the activity has reached over 1000 people, and there are currently over 3000 members in the community. What is Proof of Stake? It allows people to create their own blockchain through smart contracts.
According to reports, the Bitcoin Foundation is researching a technology called “Symbol” to provide developers with a more powerful framework to address some of the problems they encounter.
Proof of Stake Abbreviation in English
According to IMEOS reports, the abbreviation of Proof of Stake in English is “Consensus”, which is translated to “Agreement Code” in Chinese. Proof of Stake is a blockchain technology that connects systems accessible to anyone to a network for verification and control of behavior. The mechanism has many functions, such as data availability and trust minimization.
On Ethereum, using Bitcoin addresses as the consensus layer and executing transactions through smart contracts without time restrictions, but this situation may change soon. Proof of Stake also provides a way for participants to have complete sovereignty over their own data.
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