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.

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...

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...

Nuls coin: A proof of credit coin that allows developers to create Dapps on its platform

25 Sep 2019 5 minute read 0 comments quintomudigo

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

The Current State Of Staking Ecosystem

21 Nov 2019 4 minute read 0 comments Griffex

Introduction Staking, about cryptocurrency and blockchain technology, refers to; depositing cryptocurrency into a coinwallet of one’s choice for them to receive a reward after a certain amount of time predetermined by the coin’s network. Primarily, i...

MyCointainer helps crypto developers by enabling and taking the cost for running 100 masternodes

24 Nov 2019 2 minute read 2 comments ChrissCrypto

A brief introduction to Masternodes Masternodes weren’t always part of the blockchain consensus. It’s relatively new concept dated back to May 2015 when Dash (or rather Darkcoin which was Dash’s name at that time) introduced this concept for the firs...

After Coinbase made it possible to stake Tezos on their exchange, OKEx will do the same today.

7 Nov 2019 1 minute read 0 comments Allen Walters

Yesterday OKEx was open for Tezos (XTZ) deposits. Today trading will be possible (USDT and BTC pairs). Also yesterday: Coinbase made it possible for their users to delegate (Stake) their XTZ while keeping them on Coinbase instead of a Tezos wallet. T...

Staking Tomochain coin: Learn how to stake tomochain coin

29 Nov 2019 3 minute read 0 comments quintomudigo

Tomochain is a native coin of the Tomochain platform. The Tomochain coin can be transferred from one smart contract address to another. The first smart contract address must pay a gas fee in order for the transaction to reach the second smart contrac...

15.6% Returns of Bibox (BIX) Staking — Actual Example and FAQ

1 Mar 2019 2 minute read 5 comments liquidsteel

Disclaimer: This is NOT financial advice and should not be taken as such. Not guaranteed to be correct or continue to be correct. Do your own research. Background BIX is a token issued by Bibox exchange. They had recently revamped their staking model...

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

8 Jul 2019 1 minute read 0 comments

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...

ARK coin: A delegated proof of stake coin for creating Dapps and creating and issuing tokens

6 Nov 2019 5 minute read 0 comments quintomudigo

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