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What currency is pos (what does pos refer to)

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what currency is pos

what currency is pos, what currency is pos, and POS is the protocol layer of blockchain, running on the Bitcoin network. According to the statistics of Coinmarketcap, as of May 28, 2018, three of the top 20 projects with the highest market capitalization in the world were called “pos” (Proof of work)

The ecosystem on Ethereum is mainly divided into three categories: miners, verifiers and applications. These three roles can represent the operators (participants) of the blockchain network, namely, node operators, developers and traders. (bitcoinist)

What does pos refer to

pos refers to trading through contracts, that is, transferring a specific digital asset to a specified address in a fixed order on the blockchain based on certain rules (such as time locks) and a certain amount of funds A simple understanding is that if an account holder wants to transfer the money from another account and receive corresponding profits, the account will change its balance or pay corresponding fees based on the information provided by the user, so that the entire operation can be completed using this method. (Note: The POS mechanism is a distributed ledger protocol generated through computer programs and is also a branch of the Bitcoin network, aimed at solving the problems faced by smart contracts.).

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