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Extending Bitcoin’s Proof Of Work Via Proof Of Stake 23/10/2019 · – Proof-of-stake is a consensus algorithm that decides on who validate the next block, according to how many coins you hold, instead of miners cracking cryptographic puzzles using computing power to verify transactions like they do with traditional Proof-of-Work. – Proof-of-stake has widespread support among many industry experts, and should allow better sustainability .