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.


Energi coin: A proof of stake coin enabling developers to build their Dapps on their network using solidity language

2 Oct 2019 5 minute read 0 comments quintomudigo

        Energi coin is a native cryptocurrency of the Energi blockchain network platform created on the Energi blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being co...

Tezos has just become available for investors on a Swiss stock exchange through an ETP developped by Amon.

14 Nov 2019 1 minute read 1 comment Allen Walters

The Swiss based fintech firm Amon, has developed an Exchange Traded Product (ETP), fully backed by Tezos (XTZ). The ETP is called AXTZ and every AXTZ is backed by 1 XTZ, which is held, secured and managed by the Coinbase Custody platform. Swiss trade...

Cobo Crypto wallet for investing and staking

29 May 2019 3 minute read 0 comments fblauer

Intro I have been evaluating the Cobo.com wallet services for the past few of months. I have been testing the staking pool, and interest earning capabilities, as an alternative to Celsius (which I really like – I will also be writing some articles ab...

Four coins with a modified proof-of-stake consensus

31 Aug 2019 2 minute read 0 comments tsakf

There are many different blockchain consensus for cryptocurrency. One of the widely known and used, is the proof-of-stake consensus. Human creativity is always here, and some coins, modified the proof of stake consensus, to fit their needs better. We...

What should you invest in, and what should you never invest in? (Most profitable investments)

7 Apr 2020 5 minute read 0 comments Nielsb

Investing, nowadays you can invest in basically everything and especially with cryptocurrency, so what should you invest in and what should you not invest in? I'll show you what I personally invest in & recommend and what I don't recommend.   Cloud m...

What are the advantages of joining MyCointainer Community

11 Nov 2019 2 minute read 0 comments ChrissCrypto

Good morning, everyone!   For barely 1 month now, MyCointainer has opened its newest community portal, intended for the MyCointainer community On this one you can: Visit MyCointainer website Inform you of the latest updates Participate in surveys Tak...

Is Bitcoin 2 the new Bitcoin

28 Mar 2020 1 minute read 0 comments Cooldudue

I believe the best way to reach an evaluation of bitcoin 2 is to compare it to the OG bitcoin since bitcoin 2 claims to be the best bitcoin alternative. Both cryptocurrencies have the same maximum supply of 21 million. On 5 February 2018 bitcoin 2 fo...

Proof of Work (PoW) Vs Proof of Stake (PoS) Consensus Algorithm | An In-depth and Non-Technical Comparison

19 Jan 2020 10 minute read 0 comments CryptoSorted

The two most popular blockchain consensus algorithms -Proof of Work (PoW) and Proof of Stake (PoS). What are their basics, how do they work? Who invented them? What differentiates Pow and PoS and what do they have in common? Which one is more secure...

TerraceX.com-->>Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

21 Jan 2020 2 minute read 4 comments Crypto_MD

"Update: Our upgrades have completed, welcome to the new home and new name of TerraceX to ........ Terrabit. The Terrabit name change is part of a holistic rearrangement of Terra's Asset's. We will bring more news and logo reveal before the end of th...

Waves wallet exchange stake

16 May 2020 1 minute read 1 comment Argo19

  Earn 7.51% Annual Revenues 751.42734 USDis your rough annual income with staking, if you invest 10,000 USD.   Staking is the new way of depositing funds based on the blockchain economy   BANK DEPOSIT 0.1-1% interest in USD You give your money to...