Proof of Stake

Page Summary

Proof of Stake is a consensus mechanism for blockchain technologies. It works by selecting validators according to the quantity of cryptocurrency they hold. Every blockchain uses a consensus mechanism to keep its network safe. It is difficult for attackers to get more than 51% of a cryptocurrency. For this reason, they cannot easily take over a Proof of Stake network. Proof of Stake is different from Proof of Work, in which miners validate transactions. The first Proof of Stake cryptocurrency was Peercoin.


What Cryptocurrencies use proof of stake?

Cardano, Avalanche, Polkadot, Solana, TRON, EOS, Algorand, and Trezor are examples of cryptocurrencies that use a PoS system. 


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


Please enter your comment!
Please enter your name here

This site is registered on as a development site.