Proof of Stake


1. mining

Method of mining using one's locked up stake in the cryptocurrency to mint, mine or validate new coins and transactions.

1.1 Ethereum

Under the current road map, the Ethereum network plans to move away from Proof of Work mining to Proof of Stake mining. Users will be able to stake their ETH by locking it up for a set amount of time and earning back transaction fees as rewards.

* All terms and definitions may update as the Cryptionary improves.