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What is wQR68?

wQR68 is Proof of Stake version of QR68. It can be traded separately and used in DAO68 voting function

KEY TAKEAWAYS

  • With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of staked coins.
  • Proof-of-stake (POS) was developed to replace Proof-of-work (POW), the first consensus mechanism for verifying blockchain transactions and adding new blocks.
  • To participate in PoS mechanisms and earn transaction fees, validators must hold and stake tokens.
  • Because of the way its compensation is structured, proof-of-stake (POS) is considered to be more secure against network attacks.