Proof of Stake (PoS) - News, Opinion & and Analysis

Proof of Stake (PoS)

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Proof of stake (PoS) is a type of consensus algorithm used by a public blockchain network to achieve distributed consensys. It is an alternative to the widely known Proof of Work (PoW) consensus algorithm used by Bitcoin and other cryptocurrencies. 

PoS was initially introduced in 2011 on the Bitcointalk forum to solve problems faced by the popular PoW algorithm. In 2012, a cryptocurrency named Peercoin was the first to implement the new consensus algorithm. Since then, a number of leading cryptocurrencies have adopted PoS including NEO, EOS, Cosmos, Waves, Tron, and others. Ethereum is also migrating to a PoS consensus algorithm with its upcoming Casper implementation.

The main advantages of PoS over PoW are energy efficiency, security, reduced centralization risks, new economic penalties to prevent various attacks, and the issuance of new coins can be reduced because participants are incentivised to stake coins to participate in the network rather than mine them. 

In PoS-based public blockchains, new blocks are forged or minted rather than mined like in PoW. The new blocks are minted from a set of validators who lock up their cryptocurrency into a deposit. Validators then receive a reward for staking their tokens and minting new blocks and validators with a larger stake receive more rewards. Therefore, individuals are incentivized to partake in the system. 

While PoS presents various advantages over PoW, it is not without downfalls. Some experts argue that PoS is not ideal for a distributed consensus algorithm, claiming there is a "nothing-at-stake" problem. However, there are different solutions that various projects are working on and implementing to combat issues surrounding PoS.

In this tag you can discover proof of stake (PoS) news, cryptos, opinions and analysis created by knowledgeable individuals on the matter.

BonFi Launching on NULS POCM, 15th January

14 Jan 2021 2 minute read 0 comments NULS

Just before the closing of 2020, we announced a new collaboration with BonFi. In the past weeks, they have developed their new NULS-BNF Credit Mining product that is beneficial for both communities. This new DeFi product will be released on Friday, t...

🚀 Announced to be The Fuse Network Validator - Stake to Earn Up to 100% APY

11 Jan 2021 2 minute read 1 comment

  We are more than happy to announce that has joined Fuse Network as a node validator to verify transactions and secure the network. This would also allow $FUSE token holders to delegate staking to the node and earn staking rewards...

Earn Interest On Your Crypto! Staking Digital Assets (Exodus,Binance)

2 Jan 2021 1 minute read 1 comment TheCyberHustler

  Earn Interest On Your Crypto! Staking Digital Assets (Exodus,Binance) Below is a video which shows where you can earn interest for some digital assets just by holding them in this wallet or exchange !   * This is not financial advice anything you p...

You can Stake your TFUEL now!

2 Jan 2021 1 minute read 2 comments TrocProcLock

Alright guys, this is a big one so buckle up. I was casually just logging into my PC that runs my Theta Edge Node and I saw a new option on the left hand side. Stake TFUEL! Before we dive to far into it lets get a little background into Theta. The M...

ETH 2.0 Is Already The Fourth Largest PoS Network

29 Dec 2020 1 minute read 1 comment MakeItReal

The launch of Ethereum 2.0 on December 1st was a huge success both from the point of view of the effective functioning of Ethereum Proof of Stake consensus mechanism and from the point of view of the high amount of ETH deposited and locked in Ethereu...

Cake Defi

28 Dec 2020 3 minute read 3 comments fdeflash

First I would like to comment a bit on my experience with the pools that I have tried. I do not know why in the pools that work with MetaMask I always have problems with withdrawals due to the GAS of ether, to deposit money there is no problem, but...

What's the Difference Between Staking and Yield Farming, Anyway?

22 Dec 2020 3 minute read 8 comments Ben Wehrman

Friends!! I'll be the first to admit that I've largely sat on the sidelines during all the DeFi craziness that's gone on in the last several months. I'm a simple man. I stack my sats, I throw a few darts on some altcoins, and I call it a portfolio....

What are consensus Algorithms in the blockchain world?

16 Dec 2020 7 minute read 5 comments LiquidAttic

This post took a little more time and more research than I am used to. I myself wanted to know how different blockchain consensus algorithms work and how they were chosen. Today I want to talk about different blockchain consensus algorithms. There ar...

🏦 Insights Network (INSTAR) : Earn Crypto for Completing easy Survey in 2 minutes.

13 Dec 2020 1 minute read 1 comment FreedomBuilder

  📈 INSTAR already listed on Coinmarketcap on Bittrex Exchange.  🎁 Reward: Complete activities on Instars website and earn instars tokens, very easy survey & you can earn quickly 5 INSTAR ≈ 0.25$ for a survey in 2 minutes. 👥 Share with your friends a...

New Video Best Staking Coins For 2021 My Top 5 Picks

11 Dec 2020 1 minute read 2 comments TrixTrade

Hey Cryptos, We all love that passive income don't we? Fortunately for us as crypto investors we have the chance to hodl those staking coins and earn passive money. That's why each year I release a YouTube video talking about the Top 5 Staking coins...