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.


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...

The Third Implementation of the Community-centric Delegation Campaign & the Second One-year Token Burn Plan!

7 Jul 2020 1 minute read 0 comments Cosmos Network Family and Friends

In April 2020, the IRIS Foundation Rolled Out a Community-Centric Delegation Campaign & the Second One-Year Token Burn Plan. The results of the third implementation are as follow: IRIS Foundation made a distribution to delegators with an amount equa...

PoW and PoS mining.

3 Jul 2020 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...

Spectrecoin Newsletter (February 2019)

12 Feb 2019 6 minute read 6 comments SpectreCoin

Welcome to the Spectrecoin February 2019 newsletter and development update. Over the last month, there have been some major shifts in the exchange landscape as far as Spectrecoin is concerned. [First a note about the Cryptopia Hack] On 14/01/2019 our...

Best Staking Coins For 2020

14 Jan 2020 5 minute read 41 comments TrixTrade

Hi Crypto passionate, today I’am going to show you my top five best staking coins that generate passive income.   N°5 Reddcoin (RDD) Reddcoin is the first social media cryptocurrency, originally forked from Litecoin this OG coin has been there since...

Beginners' Guide to Crypto: Introduction to Proof of Stake

14 Oct 2019 3 minute read 14 comments Incent

A previous article looked at Proof of Work, the energy-intensive means by which Bitcoin’s security is maintained and transactions are processed. As a Waves token, Incent relies on a version of the more streamlined Proof of Stake consensus model. In a...

9 Most Profitable Proof of Stake Coins (PoS) Right Now!

9 Jan 2020 11 minute read 10 comments GoCryptoWise

In this article, we will explore the popular subject of Proof of Stake (PoS) blockchains and the passive income that you can earn from staking your PoS coins on those blockchains. In this article, we’ll be wholly focused on the Proof Of Stake system...

Tezos: an overview

23 Nov 2019 8 minute read 3 comments Allen Walters

These are some of the important points that define Tezos: Funding system. Governance model. Liquid PoS, not to be confused with DPoS. Institutional-grade smart contracts. The building of a developers community. Funding system:Tezos has $650 millio...