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.


POOL-X: The Best PoS Mining Pool Yet

12 Jan 2020 8 minute read 4 comments CryptoSorted

Pool-X is the Next Generation POS Mining Pool supporting lockup crypto transactions, launched by the KuCoin Exchange in August 2019. In recent times, we have seen a great increase in the number and popularity of mining pools and innovative staking pr...

Staking MHC on Cex.io - 20% yearly earnings

15 Apr 2020 3 minute read 2 comments Call me Steven

Yup, you read it right, I wrote exactly what I meant to write. Trust me, I thought it sounded insane (or at the very least a bit far-fetched) when I read it at first too. But it turns out, it isn't. It's totally and completely legit. Enough foreplay,...

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...

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...

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...

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...

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...

The Future of Proof of Stake and Staking in Crypto Ecosystem

3 hours ago 3 minute read 0 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...

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...

Max supply: an overrated quality

9 Jun 2020 3 minute read 0 comments Allen Walters

Investing in cryptocurrency means doing a good amount of research on potential projects. There are many factors to considder and some factors are more important than others. One of the factors that pops up in many discussions is, the question "does t...