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 tell if an altcoin has the potential to grow?

15 Dec 2019 3 minute read 6 comments ChrissCrypto

  Introduction to altcoins The word “Altcoin” is used as a name for every cryptocurrency which came after Bitcoin. So altcoins are both industry-leading coins like Ethereum, Litecoin or EOS, as well as newer, smaller cryptocurrencies. As we all know...

V4.1 Release Update

14 Nov 2019 3 minute read 0 comments SpectreCoin

Latest wallet download:https://spectreproject.io/index.html#downloads We have just released Spectrecoin v4.1, now available to download from our website. This release introduces so called “Mnemonic seed” wallet backup which greatly improves the secur...

How To Stake POS Cryptocurrencies

19 Dec 2019 3 minute read 3 comments arcanu

In the crypto sphere, all transactions need to get validated, that's the one thing every blockchain has in common. Until a while ago, the most common validation system was mining or 'Proof-of-Work' which is known to use huge amounts of electricity, a...

September 2019

3 Sep 2019 15 minute read 0 comments SpectreCoin

Welcome to the September 2019 Spectrecoin newsletter, the first after a long summer break. There are some exciting development updates and a sneak peak into what we are working on. The team as always, works to improve the security of the wallet as we...

Mining by Leasing Proof of Stake (LPoS) Waves

6 Aug 2019 3 minute read 2 comments Thiago Capuano

We have already heard of the rewards received for acting to aid blockchain decentralization through block confirmations, especially the most well-known Proof of Work (PoW) and Proof of Stake (PoS). This article will cover the Waves Leasing Proof of S...

Blocknet coin: A proof of stake coin rewarding users and node service provider for securing the network and running blocknet DEX exchange

11 Oct 2019 5 minute read 0 comments quintomudigo

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

4Stake Review

14 Jun 2019 1 minute read 0 comments LiteLiger

4Stake Review Today i'm going to talk about shared masternode / staking Pools service called 4Stake which originates from Brazil the platform is available in Englis, Spanish and Portuguese. It allows people to participate staking without having own...

Edgeless coin: A utility coin for gambling that rewards users for using their coins to fill the edgeless bankroll

8 Oct 2019 5 minute read 0 comments quintomudigo

  Edgeless coin is a native cryptocurrency of the Edgeless casino  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 be a dec...

Safeinsure (SINS) Prediction

24 Jun 2019 1 minute read 0 comments benzmuircroft

My prediction: Safeinsure will begin on a steady uptrend after slight flat trend. Safeinsure is generally a nice stable currency mostly because of it's listing on multiple top exchanges. The upcoming rise in BTC price past 10K should bring an uptren...

How To POS BeanCash

20 Jun 2019 1 minute read 1 comment bitcoinflood

When starting out with POS you can end up making a number of mistakes. That is why when first getting into POS (Proof of stake) coins you should start out with a low cost but profitable coin. One such coin I like to use is called BeanCash which curre...