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.


My Partial Tezos Rewards Summary.

3 Mar 2020 5 minute read 0 comments TiddyBit

Hey everyone! Its been a while since I last wrote something. I've been kinda busy, had to put some crypto things on back burner for a little bit there. Hoping you all didn't suffer to much from the downwards motion we have been experiencing and hopin...

More than 9 mln XTZ is in the staking balance with Deactivated Tezos bakers.

24 May 2020 1 minute read 1 comment Baking Bad

In Tezos there are cases when the validation node becomes "inactive" or "Deactivated" in the blockchain. It happens because the baker has changed the infrastructure with the baking address, or just decided to stop baking service. All people who deleg...

My Experience with Atomic Wallet, the Bad One!

20 Jun 2020 2 minute read 9 comments Teodor

After writing my good experience with Atomic wallet, I found out about Atom (Cosmos) staking slashing from their FAQ! So, because the articles on Publish0x aren't indexed for long time, I've decided to split the article in two, the old article is abo...

Decentralized Staking Gets Better with Atomic Wallet

11 Jul 2020 3 minute read 2 comments RitabeII

Hello there and welcome to my blog. I trust you have been staying safe and healthy amidst the Covid-19 pandemic.  It is somewhat a good thing that Covid-19 ushered in a new era for the crypto space as we kee seeing several projects hit their hot spo...

Peercoin: Pioneer of Proof of Stake

1 Jul 2020 1 minute read 11 comments Renan Rosa

Have you ever heard about Peercoin? We can consider Peercoin as one of those dinosaurs that exist since the most remote eras of the crypto and blockchain, as old as Bitcoin and Litecoin, we can consider it too. Besides a peer-to-peer cryptocurrency,...

How to stake your TrezarCoin (and withdraw from coinkit/graviex)

3 Feb 2020 2 minute read 0 comments lucasc

TrezarCoin is a hybrid proof-of-work / proof-of-stake cryptocurrency. Like Bitcoin, you can mine TZC (TrezarCoin), earning coin with your computation power. You can also stake it in your wallet, which is a much lighter task than mining and yields you...

#5 Altcoins simple. Cardano - The Internet of Blockchain - Is it an investment?

5 Apr 2020 2 minute read 2 comments Oliver Singer

What is Cardano? Cardano is a Blockchain platform, which aims at running smart contracts. The Cardano-Foundation is working with academics and scientists in order to build a strong network, that makes sure, that the further development of the cardan...

Proof of Stake, The Best Way to Earn Crypto Currencies

23 Mar 2020 2 minute read 2 comments CryptoPk

The question arises in your mind why proof of stake? and what are the benefits of it to earn cryptocurrencies. Well, the answer is Proof of Stake aka PoS is the easiest way so far to earn cryptocurrency without any hashing power. When you are earning...

The Value of Real-World Problem Solvers

12 Mar 2020 1 minute read 0 comments valuevision

PoS systems incentives miners and mining equipment producers only. You buy it and then you hodl it. You do nothing with it. You store it on your Ledger and wait for price to increase. Traders make some profit on it. I think BTC can be a store of valu...

The Future of Proof of Stake and Staking in Crypto Ecosystem

6 Jul 2020 3 minute read 2 comments Chriss

The impending shift of Ethereum's blockchain from Proof-of-Work to Proof-of-Stake has directed a lot of the market's attention to staking. As mining becomes commercialized, Proof-of-Stake is pushing staking as the primary form of passive income. The...