Proof of Space (PoS) is a consensus mechanism used primarily in blockchain networks to validate transactions and secure the network by utilizing the storage capacity of participants' devices, rather than relying on computational power like in Proof of Work (PoW) systems. The concept allows users to allocate a certain amount of disk space to participate in the network, and their chances of being chosen to create the next block (or verify transactions) are proportional to the amount of space they have contributed.
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