What Is Proof-of-Stake and How Does It Differ from Proof-of-Work?
Proof-of-Work (PoW) requires miners to expend significant computational power to solve complex mathematical problems to validate transactions and create new blocks. Proof-of-Stake (PoS) requires validators to stake or lock up their own cryptocurrency as collateral to be chosen to validate blocks.
PoS is generally considered more energy-efficient and scalable than PoW. PoS achieves consensus based on ownership stake rather than computational work.