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

Proof of Stake (PoS)

194 Articles 7 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.


Tron staking using TronWallet

27 May 2020 1 minute read 0 comments yanis

In this tutorial, you'll learn how to stake tron using tronwallet (mobile) to earn staking rewards.   Why staking tron (user side) ? When you stake tron, you earn money without spending one cent (just locking).   What does it give to the Tron Network...

Relictum Pro(Blockchain 5.0)-- Best Modern Blockchain Startup

16 May 2020 2 minute read 0 comments EbriDan

●  INTRODUCTION  Relictum Pro is the latest version of the #blockchain technology, it is available for use by individuals, organizations, private and public cooperations including the government. Relictum Pro is designed for the purpose of improving...

What is coin staking and how do you make money from it?

16 Feb 2020 2 minute read 1 comment Cryptonator`s Airdrop Hunt

Coin staking will become an attractive alternative to trading for many investors because it seems to be a safe haven. But how does staking work? What profits are possible and are there any risks? What is coin staking? Coin staking is basically a by-p...

Exciting times with Ethereum striding towards Ethereum (ETH) 2.0

20 Apr 2020 1 minute read 2 comments Greenchic

  Image Source Topaz Testnet launch for mainnet Ethereum (ETH) 2.0 roll out Ethereum is a hot and happening crypto reflected in its appreciated price value of late. This 2nd largest crypto by Market Cap has been in news for the successful launch of...

Algorand Beats Them All 🌟

24 May 2020 1 minute read 2 comments valuevision

Algorand advantages   PPoS (Pure Proof of Stake Technology) 1.000 TPS 5 seconds to settle nearly zero transaction fee immediate transaction finality   If you start staking, you don't need to delegate your stake. Get rewards simply by holding a bala...

Tezos (XTZ) to take on Ethereum (ETH) as number two Crypto?

15 Feb 2020 2 minute read 2 comments TiddyBit

Opinion: In recent days Tezos (XTZ) has taken many in the crypto world unexpectedly. With several gains and over shadowing many other coins it has many in the crypto world saying things from "SCAM COIN" to people trying to predict its demise. What is...

Particl Basics #2: Staking.. Cold

1 May 2020 2 minute read 0 comments xe-non

Welcome back to our bite-sized series about core features of #private crypto Particl Project! Missed the first article? See Particl Basics #1: The privacy coin to get up to speed. We’re already familiar with Particl’s privacy coin, so let’s see how...

Proof of Work vs Proof of Stake vs Proof of Importance - Blockchain

2 Mar 2020 3 minute read 0 comments Gopherine

Cryptocurrencies are based on the decentralized database based upon consensus mechanism or in other words distributed ledger. Any data stored in this network are immutable(cannot be changed or deleted) as it is stored in different locations, without...

Tezos XTZ Soars and What You Need To Know?

15 Feb 2020 3 minute read 2 comments 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...

INTRODUCING PZM CASH

20 Apr 2020 2 minute read 0 comments EbriDan

INTRODUCTION  PZM Cash is a cryptocurrency that makes use of the algorithm consensus of proof of Stake, as a medium of digital payment in a large ecosystem that keeps increasing and in so doing increases the total wealth available in the community....