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.


PRiZM Proof of Stake

28 Feb 2020 4 minute read 0 comments PRiZM

In the traditional "Proof of Work" model used by themajority of cryptocurrencies, network security isensured by participants performing "work". They usetheir resources (calculation/processing time) toreconcile transactions with double costs and in or...

Will ProgPoW Lead To Ethereum Fork in July 2020? [EXPLAINED]

25 Feb 2020 3 minute read 1 comment Brawnd0

So I decided to follow up on Ethereum’s development progress after the recent news that there were plans to bridge XRP and Ethereum. It’s hard to keep up with all that is happening in the crypto space and it’s been a while since I took a proper look...

Harmony (ONE) - Good To Invest?

22 Feb 2020 2 minute read 6 comments paragism

Cover Image Source – Digitally modified by the author What is harmony?Harmony is an open infrastructure of future for 10B people. Its revolutionary open infrastructure provides high performance, low latency and low fee platform to power decentralized...

I Read The Cardano Whitepaper(s). This Is What I Learned.

19 Feb 2020 5 minute read 18 comments SkinnerCrypto

I hear LOTS of people talk about Cardano. Surprisingly, I haven't even touched anything related to it until today and I'm guessing that's because there's like, a GAJILLION different cryptos out there now. Sue me. I have a short attention span. It's f...

Best POS and Interest Site

17 Feb 2020 1 minute read 0 comments ionutzu97

Hello everyone! Today I will present one of the best poses that I use. This is Stakecube. Currently, 48 cryptocurrencies are listed on this site, but one is added each month. ABET,AEM,APR,ASAFE,BITB,BITG,BLOCK,BTC,COLX,DAPS,DASH,DC,DEV,DGB,DOGE,ESBC...

What is coin staking and how do you make money from it?

16 Feb 2020 2 minute read 1 comment Cryptonator`s Airdrop Hunt

Coin staking will become an attractive alternative to trading for many investors because it seems to be a safe haven. But how does staking work? What profits are possible and are there any risks? What is coin staking? Coin staking is basically a by-p...

Tezos XTZ Soars and What You Need To Know?

15 Feb 2020 3 minute read 2 comments TiddyBit

First we already know the market is reacting to this. People like you and I got in early while others are catching up and others still claiming scam as they are left behind just like Bitcoin and Ethereum did its watchers.... This is great right?   We...

Tezos (XTZ) to take on Ethereum (ETH) as number two Crypto?

15 Feb 2020 2 minute read 2 comments TiddyBit

Opinion: In recent days Tezos (XTZ) has taken many in the crypto world unexpectedly. With several gains and over shadowing many other coins it has many in the crypto world saying things from "SCAM COIN" to people trying to predict its demise. What is...

Proof-of-Stake Coins Rewards Explained - Passive Income?

7 Feb 2020 2 minute read 4 comments cryptowc

What is Proof-of-Stake (PoS)? As Investopedia defines, “Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a mine...

Binance Soft Staking: how to easily earn from PoS

6 Feb 2020 4 minute read 12 comments Cryptomar

In my previous article "Staking: what it is and how to increase our profits with PoS coins" I introduced the topic of Proof of Stakes cryptocurrencies and how it is possible to earn through the staking of these currencies in a simple way, without nec...