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.


How to buy Waves (WAVES) on MyCointainer with Bitcoin (BTC)

5 Jan 2020 2 minute read ChrissCrypto

MyCointainer is not only your ultimate automated PoS and Masternode Coin Staking platform, but it's also a gateway for everyone to buy Bitcoin with Fiat money (EUR, USD...) or exchange Bitcoin to many available altcoins (ETH, WAVES, TRX...) as well....

Lisk coin: A delegated proof of stake coin for developing Dapps and issuing tokens on its network

8 Nov 2019 5 minute read quintomudigo

            Lisk coin is a native cryptocurrency of the Lisk blockchain platform  created on  the Lisk blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered...

Will Ethereum’s impending switch to Proof of Stake have a good effect on the cryptocurrency industry?

30 Oct 2019 2 minute read starke_kunst

Not long ago, Binance published another report with a trend analysis of the crypto industry. The exchange experts agreed that the upcoming switch of Ethereum to Proof-of-Stake would seriously affect all other cryptocurrencies. Analysts also reviewed...

Pundi X coin: a utility coin rewarding both merchants as well as users for settling payment using xpass card and XPOS devices

9 Oct 2019 5 minute read quintomudigo

        Pundi X coin is a native cryptocurrency of the Pundi X platform  created on the Ethereum blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to b...

Thundercore coin: A proof of stake coin for game developers rewarding users for leasing their coins to secure thundercore network

24 Oct 2019 5 minute read quintomudigo

  Thundercore coin is a native cryptocurrency of the thundercore blockchain platform  created on the Thundercore blockchain network platform and is compatible to ethereum virtual machine and whose transaction takes place from one peer to another wit...

New Listing Proof of Stake (POS) and Masternode Coins #Week27

8 Jul 2019 1 minute read poscoins.co

StackOfStake listed GenesisX (XGS) Masternode Coin! StackOfStake is a full automatic shared masternode service. A powerful backend is used to perform all masternode administration and maintenance operations, all results are displayed in a simple an...

What are masternodes?

12 Nov 2019 2 minute read ChrissCrypto

What is a masternode? Masternode is a full node (and full node is simply as a computer in a network that has a complete, current copy of the blockchain ledger) or computer wallet that keeps the full copy of the Blockchain and updates it in real-t...

ICON coin: A delegated proof of stake coin for creating Dapps and creating and issuing Dapps token

5 Nov 2019 5 minute read quintomudigo

            ICON coin is a native cryptocurrency of the ICON blockchain platform  created and issued on the Ethereum network but was later transferred to  the ICON blockchain network platform whose transaction takes place from one peer to another wi...

How staking enables passive income earning in crypto

19 Nov 2019 2 minute read ChrissCrypto

  The basic behind Proof-of-Stake and cryptocurrency staking The main purpose of Blockchain is to fulfil the role of trustworthy and decentralized digital ledger that is used to record transactions across many computers so that any involved record ca...

Ontology Coin: A proof of stake coin rewarding users with ontology Gas for securing network with ontology coin

3 Oct 2019 6 minute read quintomudigo

  Ontology coin is a native cryptocurrency of the Ontology blockchain network platform created on the Ontology blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being co...