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.


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...

Algorand is a Byzantine Agreement Protocol on steroids

14 Apr 2020 5 minute read 1 comment shadowofsatoshi

When I started my route as an Algorand ambassador, at first I had a wish to ask a few questions to the leaders of this blockchain project, which claims to solve the blockchain trilemma. After a few weeks, this wish became reality and so here comes my...

An actual Cardano post

10 Apr 2020 3 minute read 7 comments Call me Steven

Okay, so I am going to be honest with you on this one. Before starting to get acquainted with Publish0x I had never heard of Cardano. I didn't know what it was, even though it is ranked number 15 by market cap. But this might be just me. Anyways, sin...

The Masternode Ecosystem – A Leading Innovation in Consensus Mechanisms

8 Apr 2020 4 minute read 2 comments Crypto Adventure

With the advent of Blockchain technology, came in all sorts of intricacies and technical aspects that began to be developed, debated, criticized and implemented. There isn’t a single protocol, feature or application that checks the list of any partic...

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...

What should you invest in, and what should you never invest in? (Most profitable investments)

7 Apr 2020 5 minute read 0 comments Nielsb

Investing, nowadays you can invest in basically everything and especially with cryptocurrency, so what should you invest in and what should you not invest in? I'll show you what I personally invest in & recommend and what I don't recommend.   Cloud m...

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...

#5 Altcoins simple. Cardano - The Internet of Blockchain - Is it an investment?

5 Apr 2020 2 minute read 2 comments Oliver Singer

What is Cardano? Cardano is a Blockchain platform, which aims at running smart contracts. The Cardano-Foundation is working with academics and scientists in order to build a strong network, that makes sure, that the further development of the cardan...

Beginner’s Guide to Staking and Masternode Platforms

5 Apr 2020 3 minute read 1 comment Crypto Adventure

With the advent of Proof-of-Stake currencies, a lot of connected services have started to emerge. Innovation in the Proof-of-Stake consensus algorithm lead to an increase in the number of platforms that help the average investor, developers and enthu...

Ethereum 2.0 Explained and How Elastos Project Has Already Solved Several Issues

1 Apr 2020 3 minute read 0 comments PNin

Ethereum 2.0.  In 2017, cryptokittes was launched on the Ethereum network; it caused massive congestion issues. The Ethereum blockchain was not able to handle all of the transactions that flooded the network, gas prices skyrocketed, and the network...