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.


Tezos XTZ Soars and What You Need To Know?

4 days ago 3 minute read TiddyBit

First we already know the market is reacting to this. People like you and I got in early while others are catching up and others still claiming scam as they are left behind just like Bitcoin and Ethereum did its watchers.... This is great right?   We...

Tezos: a selection of exiting additions to look forward to in 2020.

3 weeks ago 1 minute read Allen Walters

LPoS staking rewards and the billions of $value of STO's that are announced to be launched on Tezos are things that get a lot of attention of people that speak and write about Tezos. But there is a lot more to be exited about when speaking of Tezos....

Proof-of-Stake Coins Rewards Explained - Passive Income?

1 week ago 2 minute read cryptowc

What is Proof-of-Stake (PoS)? As Investopedia defines, “Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a mine...

Is Algorand (ALGO) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

13 Jan 2020 10 minute read CryptoBoomer

Next-generation blockchains are all the rage at the moment. Everyone wants a little bit of Bitcoin and Ethereum’s market shares, but the former two have such a head start and made such progress that it is not going to happen without some incredibly u...

Adventures in Staking: Part I - Neblio, Navcoin, and Waves

23 Jun 2019 8 minute read CryptozNewb

This article is about my experiences and returns on staking various cryptocurrencies over the past year or so. Unfortunately, my timing was not so great, as many of these coins were purchased in the first half of 2018 and all have lost considerable v...

Proof of Stake: scam or no scam

17 Sep 2019 4 minute read viraladmin

In yesterdays article 10 simple rules of avoiding cryptocurrency scams I had two comments, one from @beachbummer and one from @yanika, that both suggested Proof of Stake coins should be the exception to my rule "Never trust the words passive earnings...

Best coins for staking currently

7 Jun 2019 2 minute read fblauer

Introduction There have been a number of articles written about Proof of Stake consensus, and how to earn rewards by staking your coins, voting and delegating to validators. So I will refer to some of those guides below. A good meta site for listing...

Staked Joins as a Supernode to Support Staking on V SYSTEMS

10 Jan 2020 1 minute read v.systems

January 9 - With more than 95 million of VSYS coins leased for staking, Staked has officially become one of the supernodes on the V SYSTEMS mainnet today. Backed by two of the biggest blockchain investment firms Coinbase and Pantera, Staked is a well...

January 2020

15 Jan 2020 4 minute read SpectreCoin

Welcome to the January 2020 Spectrecoin newsletter. As you all know, 2019 was a really challenging year in many ways for the crypto industry as a whole and in particular smaller projects. Spectrecoin however achieved some great things and made some r...

Staking Loom coin: Learn how to stake loom coin

11 Dec 2019 4 minute read quintomudigo

Loom is a native coin of the loom network created and issued on the ethereum network. As a native coin of the loom network,loom coin can be used by developers of the loom network to pay for the transaction of their Dapps on the loom network. One user...