In the Proof of Stake(POS) algorithm the miners are really known as ___________?
Proof of Stake has the same goal as proof of work""to validate transactions and achieve consensus in the chain""and it uses an algorithm but with a different process. With proof of stake, the creator of a new block "is chosen in a deterministic way, depending on its wealth, also defined as a stake." Since in a proof of stake system, there is no block reward, but the miners, known as forgers, get the transaction fees. Proponents of this shift, including Ethereum co-founder Buterin, like proof of stake for the energy and cost savings realized to get to a distributed form of consensus.