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What is Proof of Validation (PoV)?

Crypto Terms Glossary: What is Proof of Validation (PoV)?

Proof of Validation (PoV) is a unique Proof-of-Stake consensus mechanism that works to achieve consensus by evaluating the stake of validator nodes. Typically, each node within the system keeps a copy of the sequence of transactions in blocks that are integrated into the blockchain as well as a copy of user accounts that are identifiable by a specific user's public key or address. Accounts within the protocol bond or hold coins inside validator nodes. The number of coins bonded with the validator is proportional to the number of votes that a specific validator possesses, and can only be reduced when the coins are unlocked at a later date.

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