Glossary - ChicksX

Hybrid PoW/PoS combines Proof-of-Work and Proof-of-Stake for enhanced security, decentralization, and efficiency in blockchain consensus.

Hybrid PoW/PoS is a consensus mechanism that integrates Proof-of-Work (PoW) and Proof-of-Stake (PoS) protocols. PoW requires computational power to solve complex algorithms, securing the network and adding new blocks. PoS involves validators staking coins to participate in block validation. By combining both, Hybrid PoW/PoS leverages the security and decentralization of PoW with the energy efficiency and scalability of PoS. This dual approach mitigates the weaknesses of each method individually. It enhances security against attacks, reduces energy consumption, and encourages broader participation in the network, making it a robust solution for blockchain consensus.