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.


FLASHX COIN (FSXC) - Own Blockchain Proof of Stake "POS"

28 Jun 2020 1 minute read 0 comments FreedomBuilder

🎁 Reward: Receive up 1000 FSXC ≈ $10 & 500 FSXC for each referral. ✅ Start FLASHX COIN Airdrop Bot. 🔑 Tasks:📌 Start Telegram Airdrop Bot.📌 Join their Telegram Group & Channel.📌 Follow Their Twitter, Like & retweet the pinned post and tag 3 friends.📌...

How To Earn More Staking Rewards - Simple Trading Strategy

5 Jul 2020 1 minute read 0 comments TrixTrade

  Hey Crypto Passionate  I was always fascinated by the fact that we can really earn a passive income with cryptocurrency staking. However, staking crypto has pros and cons. Pros: it's a great way to make money when you sleep. Cons: You need a bag of...

Tezos: a selection of exiting additions to look forward to in 2020.

27 Jan 2020 1 minute read 5 comments Allen Walters

LPoS staking rewards and the billions of $value of STO's that are announced to be launched on Tezos are things that get a lot of attention of people that speak and write about Tezos. But there is a lot more to be exited about when speaking of Tezos....

Today In Crypto - April 14 Edition

14 Apr 2020 2 minute read 0 comments Sapphire

Mati Greenspan Says BTC Halving Will Be Nothing Like BCH And BSV! Mati Greenspan recently tweeted regarding his views of the upcoming BTC halving. Greenspan sees the BTC halving as a completely unique event and that it should in no way be compared to...

Stake : Everything you need to know about staking

8 Apr 2020 6 minute read 4 comments Creativeboy

Think of being able to mine without buying expensive hardware or doing any routine maintenance. This is about stepping cryptocurrency. So the potential way to make passive income in digital asset markets Have you heard about Stake cryptocurrency? Or...

Staked Wallet, scam or legit?

20 Apr 2020 3 minute read 6 comments Pappura

  Hi everyone, I'm writing this because some days ago I've funded a link of this wallet and immediately think that that was impossible, but hey, that was for sure the max, so why not to try to download the app and see how it works for real. When I r...

Top 5 Crypto Staking providers

23 May 2020 1 minute read 0 comments Blockchain Times

There is a famous quote that states "Don't work for money , make money work for you" Staking just prove it right and works on the mechanim of proof-of-stake. Proof-of-stake is the type of consensus alogrithim by which a blockchain network aims to ac...

NULS main net wallet upgrade

6 Apr 2020 1 minute read 0 comments NULS

  To NULS Community, NULS team plans to complete the main net wallet upgrade V2.5.0 at 3:00 PM April 6, 2020, Singapore Time or 07 00 AM UTC. This version will improve the consensus node delegation mechanism and network stability, also, it will avoi...

Bullish news for Ethereum 2.0

27 Jun 2020 1 minute read 0 comments Vms_Crypto

The long awaited testnet for Ethereum 2.0 named Altona is scheduled to release on Monday June 29. The Testnet is basically 'ready to go' and was initially set to go live on June 25 and is only being slightly delayed to ensure all the developers are r...

Passive Crypto income. Earn 1% a day. Start for free. NOT a ponzi or wallet scam

21 Apr 2020 1 minute read 0 comments unicorngirl

Yes you really can earn passive crypto income through staking.  Y,es you can start collecting free coins to get you started. This is not one of those fake "wallets" that promise decentralization and unsustainable returns. You don't need to refer anyo...