Traditional Proof of Stake / Tiered Proof Of Stake (TPOS)

TPOS or Traditional Proof of stake is a form of the algorithm through which a cryptocurrency Social Network Blockchain aims to realize distributed agreement. In TPOS-derived currencies, the originator of the next block is selected through different combinations of random collection and the stake.

Used in

XSN

Pros

  • Payments through processing dealings counts mainly on coin holders instead of on miners.