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

Proof of Stake (PoS)

123 Articles 4 Followers

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.

OKEx and Coinbase staking their Tezos as of today. Kraken announced to make Tezos staking possible soon.

7 Nov 2019 1 minute read Allen Walters

One after the other, big exchanges make it possible for their users to stake their Tezos (XTZ) on their platform. Yesterday Coinbase announced 5% yearly returns for their users who choose to stake their XTZ. Today OKEx announced they will offer the u...

Every thing you should know about proof of stake

14 Aug 2019 5 minute read qsyal

If you have been doing a research on cryptocurrencies ,ICOS or Altcoins you might have heard about this the words "Proof of work(POW)", and "proof of stake(POS)".   In this post I'll simply explain about both techniques and show the significant diffe...

What is Elrond network?

1 Sep 2019 5 minute read Crypto Beeporter!

Elrond is a scalable value transfer protocol for the digital economy and the first dApp to run on a truly state sharded architecture with Aiming 10k tx/sec, minimal latency and negligible fees. A Highly Scalable Public Blockchain via Adaptive State...

9 of the Best Masternode Coins for Go Cryptowise: what are yours?

25 Jan 2020 1 minute read DaniBom

I recently bumped into this nice article on gocryptowise about masternode coins; there are hundreds of masternode coins out, most with crazy high inflation that eventually after a bit make the price crash. In this article are considered serious procj...

Free Resource Calculates Crypto Staking Rewards

17 Feb 2019 1 minute read BlockchainAuthor

Proof-of-Stake crypto projects are like savings accounts from a bygone era. Back in the day, banks used to pay north of 5% annual interest just for holding funds with them. But not anymore. You're lucky to get even 1% these days. Staking rewards, on...

SHIFT COIN:A delegated proof of stake coin rewarding users for delegating their hard disk space to store and retrieve data

12 Nov 2019 4 minute read quintomudigo

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

0x(ZRX) coin: An 0x DEX coin rewarding Dapps creators for linking their platform to the DEX for easy swapping of ERC20 tokens

19 Nov 2019 4 minute read quintomudigo

        0x which is abbreviated as ZRX coin is a native cryptocurrency of the  0x decentralized platform  created and issued on  the ethereum blockchain network  whose transaction takes place from one peer to another without involvement by the gover...

How DeFi platforms can prevent the risk of centralization in cryptocurrencies that rely on POS protocols

23 Dec 2019 2 minute read Roberto D.

One of the main problems of blockchain coins concerns the so-called scalability trilemma that we have already talked about on several occasions; for those unfamiliar with the topic we begin to explain that a trilemma is nothing more than a three-vari...

IOTEX coin: A delegated proof of stake coin for the internet of trusted things devices

16 Oct 2019 5 minute read quintomudigo

                IOTEX coin is a native cryptocurrency of the IOTEX blockchain platform which was issued on the Ethereum blockchain network but later on the swapping of its coin started to take place in 2019 at ratio 1:1 on its mainet IOTEX network...

Long-term hold the best investment : ESBC (Betting, Pos-MN)

14 Apr 2019 3 minute read raga1997

ESBC is a masternode and proof of stake project which lets you scratch that gambling itch by establishing a fast, community-friendly and anonymous betting platform based on $ESBC. The main project goals are: enabling users to make anonymous bets on t...