Proof of Stake (PoS) - News, Opinion & and Analysis

Proof of Stake (PoS)

280 Articles 13 Followers

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.


Top 3 Bullish Facts about Ethereum (ETH) for 2020 and Beyond

4 Feb 2020 5 minute read 17 comments CryptoSorted

If you’re bullish on ETH then this is a time to be more bullish as ETH will be smashing new ATHs in 2020 and the rest of the decade. Ethereum has made more impact on the cryptocurrency space (in terms of contribution to the overall development of the...

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

4 Feb 2020 1 minute read 1 comment Crypto_MD

Hi to all! I don't see neccessary to copy/paste previous post (just read about Terrabit.io 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...

I exchanged my BAT for XTZ last week, here's why.

3 Feb 2020 1 minute read 2 comments CryptoChopATL

I will begin by saying I am new to crypto (within the last 6 months) so do not take this as financial advice.  I was just holding a large amount of BAT waiting for a jump, and then I heard about XTZ last week and began my research on it.  The charts...

How to stake your TrezarCoin (and withdraw from coinkit/graviex)

3 Feb 2020 2 minute read 0 comments lucasc

TrezarCoin is a hybrid proof-of-work / proof-of-stake cryptocurrency. Like Bitcoin, you can mine TZC (TrezarCoin), earning coin with your computation power. You can also stake it in your wallet, which is a much lighter task than mining and yields you...

Best proof of stake coins to stake for massive profits.

31 Jan 2020 2 minute read 10 comments MadMaxx

Proof of stake is one of the best ways to get free money just by owning a coin. I personally stake Tezos in the Trust wallet, but there are other coins you can stake to get a profit  Staking is simply the "donating" of your coins for the development...

Tezos: a selection of exiting additions to look forward to in 2020.

27 Jan 2020 1 minute read 5 comments Allen Walters

LPoS staking rewards and the billions of $value of STO's that are announced to be launched on Tezos are things that get a lot of attention of people that speak and write about Tezos. But there is a lot more to be exited about when speaking of Tezos....

Byzantine Fault Tolerance

26 Jan 2020 1 minute read 0 comments 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...

9 of the Best Masternode Coins for Go Cryptowise: what are yours?

25 Jan 2020 1 minute read 0 comments DaniBom

I recently bumped into this nice article on gocryptowise about masternode coins; there are hundreds of masternode coins out, most with crazy high inflation that eventually after a bit make the price crash. In this article are considered serious procj...

TerraceX.com-->>Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

21 Jan 2020 2 minute read 4 comments Crypto_MD

"Update: Our upgrades have completed, welcome to the new home and new name of TerraceX to ........ Terrabit. The Terrabit name change is part of a holistic rearrangement of Terra's Asset's. We will bring more news and logo reveal before the end of th...

Beware of masternodes!

20 Jan 2020 3 minute read 1 comment 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'...