Proof of Stake Consensus


Proof of Stake (POS) is a category of algorithms in which a blockchain aims to achieve a distributed consensus. POS depends on a user's stake within the network. HyperStake and its proof of stake based consensus system is designed to reward long-term participants within the HyperStake ecosystem. Rewards are based on the amount of coins that a user holds, as well as how old those coins are. Larger and older blocks are more likely to stake.

HyperStake uses a proof of stake system because there are decreased risks of attacks on the blockchain, as using a POS system defends against 51% of attacks. In addition, a proof of stake system does not consume large quantities of electricity and power, reducing CO2 waste.