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.

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...

Justin sun announce new update for pos of tron

22 Sep 2019 1 minute read CryptoArgha

Blockchain ecosystem and dapp platform tron founder announced new plan for trons proof of stake Proof of stake (pos) is a way to work in the blockchain by staking cryptocurrency and contributing to power up the blockchain and in return earn cryptocur...

Earn money without doing anything

21 Aug 2019 1 minute read beachbummer

The concept of passive income has always been appealing to many people. Who doesn't want to earn an extra buck by doing nothing? Well, to get there you will still need to do something first, which is to obtain an asset that generates passive income f...

Coinbase just started baking their XTZ and you can now delegate your XTZ while keeping them on Coinbase.

6 Nov 2019 1 minute read Allen Walters

Tezos uses LiquidPoS, which gives Tezos token holders (XTZ) the possibility to bake or delegate their XTZ. (Staking) This gives you a return of around 5.5% on a yearly bases. You can start up a node if you own 8k + XTZ, and XTZ holders with less fund...

Earn Crypto with Staking, Masternodes, Earn Cryptocurrency, Crypto Banking

25 Dec 2019 1 minute read bdk81

Cryptocurrency Staking, mining, ICOs, IEO, Airdrops is the way of releasing more tokens. Some projects combine all these options at once or over time. In this post I will be writing about Earning Cryptocurrency by Staking, PoS. It was astimated that...

Cobo Crypto wallet for investing and staking

29 May 2019 3 minute read fblauer

Intro I have been evaluating the wallet services for the past few of months. I have been testing the staking pool, and interest earning capabilities, as an alternative to Celsius (which I really like – I will also be writing some articles ab...

Tezos has just become available for investors on a Swiss stock exchange through an ETP developped by Amon.

14 Nov 2019 1 minute read Allen Walters

The Swiss based fintech firm Amon, has developed an Exchange Traded Product (ETP), fully backed by Tezos (XTZ). The ETP is called AXTZ and every AXTZ is backed by 1 XTZ, which is held, secured and managed by the Coinbase Custody platform. Swiss trade...

Proof-of-Work vs. Proof-of-Stake (what is the difference?)

17 Jan 2020 2 minute read TrocProcLock

So each Cryptocurrency has one of two methods to verify transactions. Proof-of-Work and Proof-of-Stake. Proof-of-Work (PoW) was brought over to the money world by Hal Finney in 2004. And when Bitcoin was introduced in 2009 it was the first widely ad...

Tomochain coin: A proof of stake coin for creating and issuing other tokens as well as creating Dapps on its blockchain

27 Sep 2019 5 minute read quintomudigo

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

STAKING: StackOfStake Staking Report

14 Dec 2019 1 minute read msimyunn

Disclaimer: This may seems unnecessary, but still I am obliged to put this disclaimer, that this post is merely informative and that readers are responsible for their actions with regards to their money. Also, the post contains referral links, and t...