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 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 Chriss

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...

Update: SwissBorg Tombola current Rank 7'460!!! Thank you! Sign up and get 5 € in BTC for free

30 Jun 2020 1 minute read 1 comment Publish0xCrypto

Hi all, thank you all for participating my personal SwissBorg Tombola game. You´ve pushed me about 2000 ranks up! Thank you so much! Some of you have signed up and used my referral code but did not join my telegram group. Therefore, I highly recommen...

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...

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...

Magi Coin (XMG) Mining and Staking on Libre La Frite

6 Jun 2020 3 minute read 0 comments cryptoddy

This is a guide on how I managed to do mining on Magi Coin (XMG) on La Frite, a single board computer by Libre Computer. This coin mining is not a get rich solution, rather it is a good experience on how crypto mining works. Coin Magi (XMG) is a CPU...

PoW and PoS mining.

12 hours ago 1 minute read 0 comments Jandmade

In the crypto world when we talk about mining we refer metaphorically to the process of extracting cryptocurrencies. There are several types of mining even though the most recurring are the so-called PoW and PoS. PoW is the acronym for Proof of Work,...

Ethereum events in 2020

24 May 2020 1 minute read 0 comments Blockchain Times

Being second largest cryptocurrency by market-cap the native currency of ethereum network ETH is the most popular crypto after BTC. 2019 was a disappointing year for Eth as for any other crypto project.In this blog I will cover the events of ethereum...