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.

Second week of September staking portfolio

15 Sep 2021 1 minute read 2 comments ionutzu97

Hello and welcome back to another update on my portfolio! I will jump right into the screens with the staking results on the StakeCube platform : So, as you can see I got a reward of 1.05 $ this week. Last week got me 1.36 $, so this week was a li...

A zillion reasons to stake ZIL

15 Sep 2021 1 minute read 2 comments I-HODL

Okay, maybe I don't have a zillion reasons, but guys, listen, you've got to stake your ZIL coins. Staking this coin on Atomic wallet can earn you up to 13% returns. What are you waiting for? Okay, so here's the scoop. Introducing Zilliqa Ethereum 2....

Hive Progress Report on 12-September-2021

13 Sep 2021 2 minute read 0 comments Behiver

My journey on HIVE blockchain continues and I am advancing on all fronts by piling up both HIVE, HBD, and second layer tokens from all communities around here. There was some decrease across the crypto market and also this ecosystem was affected by t...

Second layer tokens Voting Power on Hive blockchain

10 Sep 2021 2 minute read 0 comments Behiver

Communities are ruling the Hive blockchain and they are pulling tremendous power over the network. They can influence everything around starting with their own ecosystem, but also on Hive blockchain in general. The way the system is here is that comm...

Why I don't like Solana

6 Sep 2021 2 minute read 0 comments Arkemmus

Nowadays the Solana project gets a lot of hype in any crypto community. There are lots of videos talking about that on YouTube, many podcasters dealing with it, and also here on publish0x you can many articles about Solana.  But in this article, I wi...

The 6 best blockchain protocols

6 Sep 2021 3 minute read 1 comment Austras

Disclaimer, this list is ordered in my own personal opinion based on how secure, fast and scalable each protocol is. All of them have their own strengths & weaknesses with there being no clear "best" protocol. 6. Nonconsensus protocol Cryptocurrencie...

All About the Upcoming Upgrades to Ethereum2.0

4 Sep 2021 4 minute read 1 comment

In late 2020, the Ethereum blockchain begun to undergo a transformation that would hopefully improve it to the point where it would become a shining star in the cryptocurrency space. But like anything in this world, there have been some growing pain...

Solana in focus, the antidote to growth pain

31 Aug 2021 2 minute read 0 comments Austras

Adoption is one the key words used when saying what change could increase the value of any blockchain or crypto. Sadly this isn't always the truth as a great deal of the most normal blockchains won't perform as well or be as welcoming as the fees and...

Cardano in focus, growing to topple the giants

27 Aug 2021 2 minute read 1 comment Austras

Cardano has seen alot of attention lately as most of the market investors believe that this coin has the potential to topple Ethereum and take the #2 spot (possibly bitcoin as well). This is an ambitous goal, but how far fetched is it? Can Cardano re...

PoW will fail to PoS and others, HERE'S WHY!

26 Aug 2021 1 minute read 0 comments Mohsin Rahman

Proof-of-work is a necessary part of adding new blocks to the Bitcoin blockchain. Blocks are summoned to life by miners, the players in the ecosystem who execute proof-of-work. A new block is accepted by the network each time a miner comes up with a...