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.


Four Quark coins

23 Jul 2019 2 minute read 0 comments tsakf

Cryptocurrency, uses a hashing algorithm, to find out a cryptographic solution, to let the first miner, who found it, to create a block. When a block is created, the miner can put transactions on it, When this happens, the miners, gets the transactio...

New Listing Proof of Stake (POS) and Masternode Coins #Week27

8 Jul 2019 1 minute read 0 comments poscoins.co

StackOfStake listed GenesisX (XGS) Masternode Coin! StackOfStake is a full automatic shared masternode service. A powerful backend is used to perform all masternode administration and maintenance operations, all results are displayed in a simple an...

Adventures in Staking: Part II - Ark, Neo, and others

28 Jun 2019 5 minute read 5 comments CryptozNewb

In the first part of this article, I talked about several coins I had investigated, two of which require Active Staking, which means you need to run and maintain a network node. Something that was relatively easy to do, but required the attention and...

MyCointainer Review

27 Jun 2019 1 minute read 1 comment LiteLiger

MyCointainer Review Time to look into another proof of stake / masternode service that allows you to deposit popular coins and it will stake it for you in exchange of 9% fee. The service is registered at Estonia, which gives lot of credibility for t...

Safeinsure (SINS) Prediction

24 Jun 2019 1 minute read 0 comments benzmuircroft

My prediction: Safeinsure will begin on a steady uptrend after slight flat trend. Safeinsure is generally a nice stable currency mostly because of it's listing on multiple top exchanges. The upcoming rise in BTC price past 10K should bring an uptren...

Adventures in Staking: Part I - Neblio, Navcoin, and Waves

23 Jun 2019 8 minute read 6 comments CryptozNewb

This article is about my experiences and returns on staking various cryptocurrencies over the past year or so. Unfortunately, my timing was not so great, as many of these coins were purchased in the first half of 2018 and all have lost considerable v...

Simple PoS Pool Review

22 Jun 2019 1 minute read 0 comments LiteLiger

Simple PoS Pool Review One of the projects ive been jumping lately are proof-of-stake based coins and also Crypto that are paying dividends, but today we are gonna focus on a service called Simple PoS Pool, which allows people to stake their coins i...

How To POS BeanCash

20 Jun 2019 1 minute read 1 comment bitcoinflood

When starting out with POS you can end up making a number of mistakes. That is why when first getting into POS (Proof of stake) coins you should start out with a low cost but profitable coin. One such coin I like to use is called BeanCash which curre...

4Stake Review

14 Jun 2019 1 minute read 0 comments LiteLiger

4Stake Review Today i'm going to talk about shared masternode / staking Pools service called 4Stake which originates from Brazil the platform is available in Englis, Spanish and Portuguese. It allows people to participate staking without having own...

Best coins for staking currently

7 Jun 2019 2 minute read 3 comments fblauer

Introduction There have been a number of articles written about Proof of Stake consensus, and how to earn rewards by staking your coins, voting and delegating to validators. So I will refer to some of those guides below. A good meta site for listing...