place a stake or bet

AidaGlass

Senior Member
Persian-Iran
Hello,
Does place a bet mean the same thing as 'to bet/wager'?
That being said, for most blockchain applications, proof of work isn’t the most efficient way of authenticating new blocks for the blockchain. One example is the Ethereum blockchain. It has been experimenting with a “proof of stake” protocol, which does without mining entirely. Rather, nodes called validators place a stake or bet that they will be given the next block to validate.
 
  • Barque

    Senior Member
    Tamil
    Yes. (In your sentence it doesn't refer to a literal bet of course.)

    place (WR dictionary):
    vb (mainly tr)
    ...
    ...
    5. to make (an order, a bet, etc)
     

    Uncle Jack

    Senior Member
    British English
    Hello,
    Does place a bet mean the same thing as 'to bet/wager'?
    Ostensibly, yes, but the language is a little odd, focusing on the stake, which makes me think it might serve some different purpose and there might not be a bet involved at all, either literal or figurative. If the writer wanted to talk about a bet, then they could have said (rather more simply) "nodes called validators bet that they will be given the next block to validate".

    There can be a difference between placing a bet and betting, depending on the betting mechanism. On a betting exchange, for example, you can place a bet which is never matched, so you don't actually end up with a bet.
     
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