Despite the fact that KR's move from an Ethereum-based Proof-of-Work blockchain to a Proof-of-Stake blockchain is a temporary measure for security reasons, I still have many people writing and asking, "How exactly does this new Proof-of-Stake work?"

To answer that, with more detail than most readers could hope for, I offer this excellent four-part series from Alexander Chepurnoy:

Inside a Proof-of-Stake Cryptocurrency

Part 1: Basic Structures

http://chepurnoy.org/blog/2014/10/inside-a-proof-of-stake-cryptocurrency-part-1/

Part 2: Forging Algorithm

http://chepurnoy.org/blog/2014/10/inside-a-proof-of-stake-cryptocurrency-part-2/

Part 3: A Local Ledger

http://chepurnoy.org/blog/2014/11/inside-a-proof-of-stake-cryptocurrency-part-3/

Part 4: The Executable Forging Simulation

http://chepurnoy.org/blog/2014/12/inside-a-proof-of-stake-cryptocurrency-part-4/


Enjoy the weekend read!