PoS is an acronym for Proof of Stake. In PoS-based cryptocurrencies, the creator of the next block is chosen in a deterministic way, depending on his/her weahttps://steemit.com/cryptocurrency/@killjoy/the-different-proofs-of-crypto-currencylth (aka stake). In PoS systems, there is no block reward, so miners take transaction fees.
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