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.

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...

UPDATES - | Earn CREDIT by mining based on POS algorithm (100% profit per year)

3 weeks ago 1 minute read Crypto_MD

Hi to all! I don't see neccessary to copy/paste previous post (just read about here) 1. They have online support 24/7 (you can send chat transcript to your email address). 2. Time of Transfer: - from the primary wallet to MiniPOS walle...

Four coins with a modified proof-of-stake consensus

31 Aug 2019 2 minute read tsakf

There are many different blockchain consensus for cryptocurrency. One of the widely known and used, is the proof-of-stake consensus. Human creativity is always here, and some coins, modified the proof of stake consensus, to fit their needs better. We...

Four Quark coins

23 Jul 2019 2 minute read tsakf

Cryptocurrency, uses a hashing algorithm, to find out a cryptographic solution, to let the first miner, who found it, to create a block. When a block is created, the miner can put transactions on it, When this happens, the miners, gets the transactio...

Beware of masternodes!

20 Jan 2020 3 minute read Jelly Fish

Recently I've seen an article talking about masternodes and their passive income (blessed be Robert Kiyosaki!) Accidently, the article was written by some masternode hosting service. But who cares? In any case, the little devils of that masternodes'...

What is Bare Coin (BARE) - An Introductory Earning Guide

15 Jan 2020 2 minute read msimyunn

Disclaimer: I am not a financial adviser, so please do your own research in making financial decisions. Also this post contains referral links, I am not obliging anyone to sign-up with them.    What is Bare Coin (BARE)? According to its own website,...

The risks and rewards of cryptocurrencies

16 Dec 2019 2 minute read ChrissCrypto

Cryptocurrencies are with us for over 10 years, over that time we have seen some impressive growth in this field. Cryptocurrencies such as Bitcoin or Ethereum, or even some smaller contenders, can grow over 1,000% and more, in one year alone. These n...

MyCointainer Review

27 Jun 2019 1 minute read LiteLiger

MyCointainer Review Time to look into another proof of stake / masternode service that allows you to deposit popular coins and it will stake it for you in exchange of 9% fee. The service is registered at Estonia, which gives lot of credibility for t...

Byzantine Fault Tolerance

4 weeks ago 1 minute read piotrillo

The problem of the Byzantine generals, also called problem of interactive consistency. This refers to a problem of consistency. It is about the task of making common and precise decisions in a network. The problem can best be described with a metapho...