Digicoin, built on the Solana blockchain, is considered a
proof of stake (PoS) crypto solution because it leverages
Solana’s underlying consensus mechanism. Solana uses a
unique combination of Proof of Stake (PoS) along with its
proprietary Proof of History (PoH) for transaction
validation and network security. In a PoS system like
Solana’s, validators are chosen to create new blocks
based on the amount of cryptocurrency they hold and are
willing to “stake” as collateral. This approach not only
makes the network more energy-efficient compared to
traditional proof of work systems but also allows for
much higher transaction throughput and lower fees. By
being constructed on Solana, Digicoin inherits these
advantages, ensuring that it benefits from fast
transaction speeds, scalability, and a more
environmentally friendly consensus mechanism, all while
participants can earn rewards for staking their Digicoin
tokens, contributing to the network’s security and
operations