Proof of Stake (PoS)

What does Proof of Stake (PoS) means?

A short form of Proof of Stake. It’s a newer consensus relative to Proof of Work. And it helps validate transactions on the blockchain, keeping the system transparent, secure, and safe. The provision in a PoS ensures the creation of new blocks after block verification by other parties based on their stake size. Any invalidation leads to a loss (either all or part) of their stakes. The miners in this instance also get rewards for participating in the validation.

Examples

Examples of blockchains that use PoS include:

Solana
Polkadot
Avalanche

Random Slangs

Delist

Cancelling the listing of an NFT for sale from an open market.

BTD / BTFD

Acronyms for “buy the dip” and “but the fxxxking dip,” respectively. These terms are used interchangeably in crypto to tell people to buy a cryptocurrency

Meatspace

A combination of meat (flesh) and space (habitat); describes the physical world. It’s the opposite word of cyberspace. Examples “The metaverse can never be like

BSC

An acronym for “Binance Smart Chain.” BSC is a protocol that makes the Binance Chain interoperable and programmable. Hence, other resources can communicate with it.

Probably nothing

An ironic way to say something is worth attention. For instance, someone might say, the floor price is rising, “probably nothing.” They’re telling the NFT