Proof of Stakefleeting
- External reference: https://tezos.gitlab.io/active/proof_of_stake.html
proof of stake
Proof-of-stake means that participants in the consensus algorithm are chosen in function of their stake (the amount of tokens a participant has).
delegates’ rights are selected at random based on their stake
Tezos works with sets of tokens which are called rolls.
ensure that participants do not adaptively chose their nonces and therefore that the seed is not easily biased, participants in the protocol use a ‘’commit and reveal’’ scheme: in the previous cycle, they first commit to nonces and they only reveal their committed nonces later, in the current cycle.