🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Crypto Terms:  Letter P

What is Proof-of-Validation (PoV)?

Meaning:
Proof-of-Validation (PoV) - a type of Proof-of-Stake (PoS) consensus mechanism where consensus is reached via staked validator nodes.
easy
1 minute

Let's find out Proof-of-Validation (PoV) meaning, definition in crypto, what is Proof-of-Validation (PoV), and all other detailed facts.

Proof-of-Validation (PoV) is a form of PoS consensus process in which validator nodes are staked to reach consensus. Every node in a PoV system holds the full history of the transactions recorded in the blocks that make up the blockchain.

A user’s public key or the native token of the node can be used to identify a copy of all user accounts. This essentially means that your crypto wallet is identifiable, and your token balance can be viewed by anyone who holds the public key.

A user can then stake their crypto tokens in the validator nodes. The number of nodes that belong to a validator depends on how many tokens were stakes within each of the validators.

A new block is confirmed if at least two-thirds of the network validators send a commit vote for the block. Proof-of-Validation protocols abide by the Byzantine fault tolerance as they can continue to function normally and reach consensus if one-third or fewer nodes within the network are compromised.