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.


What are the advantages of joining MyCointainer Community

11 Nov 2019 2 minute read 0 comments ChrissCrypto

Good morning, everyone!   For barely 1 month now, MyCointainer has opened its newest community portal, intended for the MyCointainer community On this one you can: Visit MyCointainer website Inform you of the latest updates Participate in surveys Tak...

Is Bitcoin 2 the new Bitcoin

5 days ago 1 minute read 0 comments Cooldudue

I believe the best way to reach an evaluation of bitcoin 2 is to compare it to the OG bitcoin since bitcoin 2 claims to be the best bitcoin alternative. Both cryptocurrencies have the same maximum supply of 21 million. On 5 February 2018 bitcoin 2 fo...

Proof of Work (PoW) Vs Proof of Stake (PoS) Consensus Algorithm | An In-depth and Non-Technical Comparison

19 Jan 2020 10 minute read 0 comments cryptosorted.info

The two most popular blockchain consensus algorithms -Proof of Work (PoW) and Proof of Stake (PoS). What are their basics, how do they work? Who invented them? What differentiates Pow and PoS and what do they have in common? Which one is more secure...

TerraceX.com-->>Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

21 Jan 2020 2 minute read 4 comments Crypto_MD

"Update: Our upgrades have completed, welcome to the new home and new name of TerraceX to ........ Terrabit. The Terrabit name change is part of a holistic rearrangement of Terra's Asset's. We will bring more news and logo reveal before the end of th...

Is Cardano (ADA) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

9 Dec 2019 6 minute read 13 comments CryptoBoomer

A lot of cryptocurrency projects have emerged since Ethereum showed the world that a blockchain network could be used for much more than payments. If Bitcoin was the king of cryptocurrencies, Ethereum and the countless altcoins that followed were the...

Best Staking Coins For 2020

14 Jan 2020 5 minute read 41 comments TrixTrade

Hi Crypto passionate, today I’am going to show you my top five best staking coins that generate passive income.   N°5 Reddcoin (RDD) Reddcoin is the first social media cryptocurrency, originally forked from Litecoin this OG coin has been there since...

Consensus Algorithms

24 Sep 2019 9 minute read 2 comments viraladmin

The following post is a list of consensus algorithms that was originally posted in Portuguese at https://livecoins.com.br/algoritmos-de-consenso/. I have full permission granted to repost the article. Some formatting changes have been made. I make no...

The Most Important Development You Never Knew

14 Aug 2019 5 minute read 28 comments viraladmin

Most people in the cryptocurrency industry have heard of the consensus mechanisms called Proof of Work (PoW) and Proof of Stake (PoS). Today I want to introduce you to a lesser known proofing mechanism and why this mechanism is so important. Proof of...

Adventures in Staking: Part II - Ark, Neo, and others

28 Jun 2019 5 minute read 5 comments CryptozNewb

In the first part of this article, I talked about several coins I had investigated, two of which require Active Staking, which means you need to run and maintain a network node. Something that was relatively easy to do, but required the attention and...

Beginners' Guide to Crypto: Introduction to Proof of Stake

14 Oct 2019 3 minute read 14 comments Incent

A previous article looked at Proof of Work, the energy-intensive means by which Bitcoin’s security is maintained and transactions are processed. As a Waves token, Incent relies on a version of the more streamlined Proof of Stake consensus model. In a...