Proof of stake algorithm
Every period of 10 seconds might be a time slot), and assigns that validator the right to create a single block, and this block must point to some previous block.
Ouroboros proof of stake algorithm - cardano.
Learn how these consensus algorithms work, the upsides and downsides, and why consensus algorithms are essential to cryptocurrency.
We take a look at the different consensus mechanisms - proof-of-work, proof-of-stake, delegated proof-of-stake, among others - that fuel cryptocurrencies.
Proof of work vs proof of stake basic mining guide.
Proof of stake is a typical computer algorithm through which some cryptocurrencies achieve their distributed consensus.
Proof of stake wikipedia.
It defines the way in which nodes reach consensus about the state of ledger.
In chain-based proof of stake, the algorithm pseudo-randomly selects a validator during each time slot (e.