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.

Ethereum will be more secure than bitcoin after pos update

13 Oct 2019 1 minute read 0 comments CryptoArgha

Ethereum is worlds second largest crypto currency  in terms of daily traded volume   Recently the devs of  Ethereum implementing a new Pos (proof of stake) Algorithm on the Ethereum blockchain    On Ocotobor 10 in a Devcon conference of Ethereum whic...

Daps coin listed inside Stakecube platform

23 Dec 2019 1 minute read 0 comments Lucian Nagy Composer Multi ethnic instrumentalist

Daps coin started its journey inside Stakecube platform. As many of you maybe know that Stakecube is one of the greatest platforms for staking protocol inside this vast crypto blockchain. You can join here and invest in Daps coin as well for staking:...

MyCointainer - Staking platform

8 Nov 2019 2 minute read 2 comments ChrissCrypto

  Hello, today let me introduce you to the MyCointainer website   As you may already know, current technologies are evolving exponentially, and many of us are quickly outdated, if we don't keep up with the times, and gradually we are leaving a variet...

The Crypto Winter: Where Do We Go From Here?

1 Feb 2019 4 minute read 0 comments CryptoKeeper

       2018 started off with a high rush and then quickly faded to a deep, dark, pit of despair as Bitcoin rose to meteroic heights only to fall from the sky like Icarus. Since then, the year was a rocky sea of ups and downs; a market that seemed des...

Staking FREE REDDCOIN update

1 Jan 2020 1 minute read 3 comments unicorngirl

For those of you who saw my first post/ video you know that I am doing a little experiment using free RDD.  The purpose of this was basically to see if someone could use faucets and get enough coins to stake.  The short answer to this is yes.   Howev...

Atomic Wallet added Tezos staking option today.

22 Nov 2019 1 minute read 0 comments Allen Walters

Tezos' Liquid PoS consensus algorithm makes it real easy to get staking rewards for anyone who holds XTZ. Liquid PoS, gives holders the opportunity to bake (run a node) or delegate (point your XTZ towards a baker who will then receive, a small percen...

Coinex token:A token for creating and issuing other tokens as well as a token for creating pairs of the issued token in terms of coinex on its DEX

13 Nov 2019 6 minute read 0 comments quintomudigo

                        Coinex coin is a native cryptocurrency of the coinex chain blockchain platform  created and issued on  the ethereum blockchain network platform but it is scheduled to be transferred to its mainnet in late 2019 whose transacti...

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

7 Nov 2019 1 minute read 2 comments 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 0 comments 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 0 comments 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...