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.


Binance Soft Staking: how to easily earn from PoS

6 Feb 2020 4 minute read 12 comments Cryptomar

In my previous article "Staking: what it is and how to increase our profits with PoS coins" I introduced the topic of Proof of Stakes cryptocurrencies and how it is possible to earn through the staking of these currencies in a simple way, without nec...

Exaion EDF Group will become a corporate baker in the Tezos LPoS ecosystem and wants to develop a whole ecosystem of "smart" applications on Tezos

23 Oct 2020 2 minute read 2 comments Allen Walters

Exaion EDF Group is a subsidiary of EDF, the second largest electric utility company in Europe with a yearly revenue of $ 70 billion, over 152,000 employees and partly owned by the French state. Exaion EDF Group specializes in high performance comput...

Ethereum 2.0 Meets Staking Requirement, Launch Set for Dec. 1

24 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Ethereum’s 2.0 deposit contract reached its threshold value for 524,288 ETH on Nov. 23, ensuring that the beacon chain will launch on the originally intended date of Dec 1. Over 610,000 ETH has been deposited in the contract, which went live on Nov....

Proof-of-Work Vs Proof-of-Stake - How Do they Work?

7 May 2020 4 minute read 1 comment Chriss

    Today, we are going to speak about the two of the most popular consensus mechanisms in the cryptocurrency industry, called Proof-of-Work and Proof-of-Stake. We are going to explain both of them in detail, and state the differences between the tw...

Final Ethereum 2.0 Testnet to Launch on August 4

22 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Ethereum platform launch organizer Danny Ryan has revealed that the final public testnet for Ethereum 2.0 will launch on August 4, according to a posting on a Discord channel. The testnet is expected to be running until at least November, as these te...

AMA - SCO Lab Interviews BBAI Recap

2 May 2020 3 minute read 0 comments NULS

Guest: Dr. Cao, Director of Intelligent Business Engineering and Blockchain Research Center, Guangdong Science and Technology DepartmentHost: Reaper, NULS co-founder, community councilor & SCOLab founder Reaper:Hello everyone, I am Reaper, co-founder...

Proof-of-Stake (PoS) Consensus Mechanism Review

24 Mar 2020 6 minute read 1 comment ChangellyOfficial

Proof-of-Stake (PoS) Consensus Mechanism Review It’s not a secret that blockchains are based on certain algorithms of consensus to enable transactions and data exchange. Bitcoin was the pioneer in the sphere with the proof-of-work mechanism, but it’s...

Loopring Staking [A Warning]

18 Apr 2020 2 minute read 1 comment kriptomann

Dear all, Here I will post shortly about Loopring and you can read more on my previous post. Then I will explain why there is a word "Warning" in the title. My whole post will be a mix of multiple posts and current LRC price on market. Click here to...

Proof of Stake - the future of Ethereum

24 Aug 2020 4 minute read 0 comments Simplify Crypto

Ethereum, the second largest cryptographic company in the world, celebrated 5 years since the launch of its network on the 30th of July. You are now preparing for a very important change in the way it works. Change the consensus algorithm from Proof-...

I Successfully Stake Tron TRX Tokens. Here's How To Do It.

5 Feb 2020 6 minute read 7 comments SkinnerCrypto

Ah, Tron Staking. I love it so much. It's a great way for basically anybody off the street to put a little skin in the crypto game and see some rewards in a day. I personally think it is a great motivator to wake up in the morning and see that your w...