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Glossary

Proof of stake

Also called PoS

Agreement by locking coins, not by burning electricity on hash puzzles.

In proof of stake, validators lock coins and can lose some of them if they misbehave. Ethereum moved to this model. Staking is a lock and a queue, not a savings account with a advertised rate that is yours to withdraw on demand.

Who runs the validators, how withdrawals work, and what software you are trusting still matter. Consensus changed. Customer support did not appear.

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