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.


wanchain coin: A proof of stake coin for allowing transfer of assets from other blockchain to wanchain blockchain

15 Oct 2019 5 minute read 0 comments quintomudigo

  Wanchain coin is a native cryptocurrency of the wanchain blockchain platform that results from the ethereum folk code created on the wanchain blockchain network platform whose transaction takes place from one peer to another without involvement b...

Beginners' Guide to Crypto: Introduction to Proof of Stake

14 Oct 2019 3 minute read 14 comments Incent

A previous article looked at Proof of Work, the energy-intensive means by which Bitcoin’s security is maintained and transactions are processed. As a Waves token, Incent relies on a version of the more streamlined Proof of Stake consensus model. In a...

Ethereum will be more secure than bitcoin after pos update

13 Oct 2019 1 minute read 0 comments CryptoArgha

Ethereum is worlds second largest crypto currency  in terms of daily traded volume   Recently the devs of  Ethereum implementing a new Pos (proof of stake) Algorithm on the Ethereum blockchain    On Ocotobor 10 in a Devcon conference of Ethereum whic...

Blocknet coin: A proof of stake coin rewarding users and node service provider for securing the network and running blocknet DEX exchange

11 Oct 2019 5 minute read 0 comments quintomudigo

      Blocknet coin is a native cryptocurrency of the block DEX platform  created on the blocknet blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to b...

Pundi X coin: a utility coin rewarding both merchants as well as users for settling payment using xpass card and XPOS devices

9 Oct 2019 5 minute read 0 comments quintomudigo

        Pundi X coin is a native cryptocurrency of the Pundi X platform  created on the Ethereum blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to b...

Edgeless coin: A utility coin for gambling that rewards users for using their coins to fill the edgeless bankroll

8 Oct 2019 5 minute read 0 comments quintomudigo

  Edgeless coin is a native cryptocurrency of the Edgeless casino  created on the Ethereum blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a dec...

Ontology Coin: A proof of stake coin rewarding users with ontology Gas for securing network with ontology coin

3 Oct 2019 6 minute read 0 comments quintomudigo

  Ontology coin is a native cryptocurrency of the Ontology blockchain network platform created on the Ontology blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being co...

Energi coin: A proof of stake coin enabling developers to build their Dapps on their network using solidity language

2 Oct 2019 5 minute read 0 comments quintomudigo

        Energi coin is a native cryptocurrency of the Energi blockchain network platform created on the Energi blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being co...

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 0 comments 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...

Nuls coin: A proof of credit coin that allows developers to create Dapps on its platform

25 Sep 2019 5 minute read 0 comments quintomudigo

              Nuls coin is a native cryptocurrency of the Nuls platform  created on Nuls blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decen...