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.


Cardano Delegation - Staking in Daedalus wallet

2 Aug 2020 1 minute read 15 comments Cryptotexty

I decided to make this simple video to show you how to delegate your Cardano, ADA. Right now it is possible to delegate from Daedalus wallet, soon there will be possible to use Yoroi mobile wallet and browser extension.  So right now the only and be...

A Complete Guide to Leased Proof-of-Stake (LPoS)

24 Jul 2020 4 minute read 4 comments Chriss

A consensus algorithm is one of the significant pillars of blockchain technology. Proof-of-Work (PoW), developed by Satoshi Nakamoto in 2008, was the first consensus mechanism. In essence, nodes compete against each other to validate a transaction on...

ConsenSys Report: 78% of ETH Supply in Wallets Valid for Staking, Security Changes Recommended

20 Jul 2020 1 minute read 2 comments Abhi K

Blockchain software development company ConsenSys published its latest edition of the Ethereum 2.0 Economics review on July 16, a report which examines the state of the Ethereum (ETH) network as it prepares for the Ethereum 2.0 upgrade. It was author...

Today: U.S. bank regulator grands financial institutions the authority to custody crypto. And custody providers Hex Trust and BitGo announce they have added support for Tezos.

24 Jul 2020 2 minute read 0 comments Allen Walters

For holders of PoS chains and for Tezos in general this is very exiting news. Tezos has positioned itself as a very interesting asset that has a lot of interesting and unique features, but in this case two features especially. 1. Tezos core protocol...

XIO - Flash Staking - Instant Rewards!

6 Aug 2020 2 minute read 3 comments Sapphire

The Future Is at Stake Staking has definitely become a pivotal aspect of Crypto in 2020, as many large and medium cap coins are switching over to the proof of stake protocol. Ethereum, Cardano and many others are making the shift, which will undoubte...

Final Ethereum 2.0 Testnet to Launch on August 4

22 Jul 2020 1 minute read 1 comment Abhi K

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...

Different kinds of staking

7 Aug 2020 2 minute read 8 comments yanis

Staking is often presented as a miraculous thing that can earn us many. This approach is also used by scams (see my article sbout stakedwallet) for hiding their ponzi scheme. But, no one says what's really staking and different kinds of. disclaimer :...

ChainX: Cross-Chain Mining and POS Voting Dapp

29 Jul 2020 3 minute read 0 comments tipplenurkey

   This is quickly becoming one of my favorite earning methods and the first dapp I use consistently.  There are two basic ways to earn, both of which pay PCX: cross-chain mining and POS voting.  When I first started using ChainX, it was a little con...

ETH AT FINAL RESISTANCES BEFORE THE MOON! (Full Price Analysis)

23 Jul 2020 1 minute read 2 comments Tikyi Khant

This morning ,I received an alarm of ETH pumping up 20$ from tradingview alerts.So I decided to check my ETH idea which I published on July 13th, https://www.tradingview.com/chart/ETHUSDT/0w8JpFua-ETH-USDT/ This is the same 3D chart after today bre...

Cardano’s POS Blockchain framework now in place with staking mechanism after the Shelley upgrade

7 Aug 2020 2 minute read 1 comment Greenchic

[Image Source]() Image Source Cardano’s POS Blockchain is ready for staking operations after the Shelley hardfork Finally, Cardano transitioned into the Shelley era after the hard fork of July 29th. Now staking features get activated in the network...