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Cryptocurrencies and Blockchains Utilizing the Proof of Work Consensus Mechanism

Proof of Stake (PoS) is utilized by several prominent cryptocurrencies, including Solana (SOL), Cardano (ADA), and Polygon (MATIC). Ethereum, the second-largest cryptocurrency by market capitalization, is currently undergoing a transition from Proof of Work (PoW) to Proof of Stake, known as "The Merge."