Proof of Stake (PoS) - News, Opinion & and Analysis

Proof of Stake (PoS)

313 Articles 13 Followers

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.

Beware of masternodes!

20 Jan 2020 3 minute read 1 comment Jelly Fish

Recently I've seen an article talking about masternodes and their passive income (blessed be Robert Kiyosaki!) Accidently, the article was written by some masternode hosting service. But who cares? In any case, the little devils of that masternodes'...

Simple PoS Pool Review

22 Jun 2019 1 minute read 0 comments LiteLiger

Simple PoS Pool Review One of the projects ive been jumping lately are proof-of-stake based coins and also Crypto that are paying dividends, but today we are gonna focus on a service called Simple PoS Pool, which allows people to stake their coins i...

The risks and rewards of cryptocurrencies

16 Dec 2019 2 minute read 0 comments Chriss

Cryptocurrencies are with us for over 10 years, over that time we have seen some impressive growth in this field. Cryptocurrencies such as Bitcoin or Ethereum, or even some smaller contenders, can grow over 1,000% and more, in one year alone. These n...

Byzantine Fault Tolerance

26 Jan 2020 1 minute read 0 comments piotrillo

The problem of the Byzantine generals, also called problem of interactive consistency. This refers to a problem of consistency. It is about the task of making common and precise decisions in a network. The problem can best be described with a metapho...

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:...

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...

MyCointainer - Staking platform

8 Nov 2019 2 minute read 2 comments Chriss

  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...

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...

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...