Algorithm

Cryptos:

2,117

Exchanges:

10

Marketcap:

$2,158,935,982,977

Volume 24h:

$40,053,641,848

Ticketed Proof of Stake

TPoS

Rank #13

$10,113,425,302

1

0

Winners (undefined)%

24H

Losers (undefined)%

Rank

13

Assets

1

Marketcap

$10,113,425,302

Volume 24h

$115,669,394

Winners

1

Overview
Assets

$10,113,425,302

Marketcap

$115,669,394

Volume

13

Rank

1

Winners

0

Losers

N/A

Change 24h

N/A

Change 7d

1H

-0.070

%

1D

0

%

1W

0

%

1M

-9.27

%

2M

-7.16

%

3M

7.10

%

6M

31.73

%

1Y

66.94

%

About Ticketed Proof of Stake

Ticketed Proof of Stake (TPoS) is a consensus algorithm used in many cryptocurrencies. It is a modification of the Proof of Stake (PoS) algorithm that adds an extra layer of security to the process of block validation.

In TPoS, validators are required to purchase tickets that give them the right to validate blocks. The number of tickets a validator can purchase is proportional to the number of coins they hold. Validators with more coins have a better chance of being selected to validate a block.

Once a validator purchases a ticket, it enters a pool of tickets that are randomly selected to validate the next block. The validator who owns the selected ticket will then validate the block and receive a reward in the form of newly created coins.

TPoS has several advantages over other consensus algorithms. First, it is more energy-efficient than Proof of Work (PoW) algorithms because it does not require massive amounts of computational power. Second, it is more secure than PoS algorithms because it makes it harder for malicious actors to gain control of the network.

In a TPoS system, validators are incentivized to act honestly because they have a financial stake in the network. If a validator behaves dishonestly, they risk losing their investment in tickets and their reputation in the community.

Furthermore, TPoS is more democratic than PoW algorithms because it allows any user to participate in block validation by purchasing tickets. This makes it easier for smaller stakeholders to have a voice in the network.

Overall, Ticketed Proof of Stake is a promising consensus algorithm that combines the security of PoS with the added layer of protection provided by ticket purchasing. Its energy efficiency, security, and democratic nature make it an attractive option for many cryptocurrency projects.