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.


The Future of Proof of Stake and Staking in Crypto Ecosystem

6 Jul 2020 3 minute read 2 comments Chriss

The impending shift of Ethereum's blockchain from Proof-of-Work to Proof-of-Stake has directed a lot of the market's attention to staking. As mining becomes commercialized, Proof-of-Stake is pushing staking as the primary form of passive income. The...

Staking Crypto – Strategy to make Millions!

13 Jun 2020 3 minute read 19 comments SamBTC

If you have read my previous posts you would have found a common theme that is I am a hardcore Bitcoin maximalist. I firmly believe BTC is the king of crypto and will continue to be the leader for decades to come. I had however been looking for some...

Best Proof Of Stake Coins For Easy Passive Income 2020

18 Jun 2020 1 minute read 2 comments Nafay

  Hey Guys today we will be discussing about staking on the Exodus wallet. What is a Proof of Stake Coin? A proof of stake (PoS) coin is a crypto asset in which one stores or stakes coins in a particular wallet as its transaction validation mechanis...

FLASHX COIN (FSXC) - Own Blockchain Proof of Stake "POS"

28 Jun 2020 1 minute read 0 comments FreedomBuilder

🎁 Reward: Receive up 1000 FSXC ≈ $10 & 500 FSXC for each referral. ✅ Start FLASHX COIN Airdrop Bot. 🔑 Tasks:📌 Start Telegram Airdrop Bot.📌 Join their Telegram Group & Channel.📌 Follow Their Twitter, Like & retweet the pinned post and tag 3 friends.📌...

How To Earn More Staking Rewards - Simple Trading Strategy

5 Jul 2020 1 minute read 0 comments TrixTrade

  Hey Crypto Passionate  I was always fascinated by the fact that we can really earn a passive income with cryptocurrency staking. However, staking crypto has pros and cons. Pros: it's a great way to make money when you sleep. Cons: You need a bag of...

Upcoming PoS Variations - How They Improve Your Staking Experience

12 Jul 2020 4 minute read 0 comments Chriss

The cryptocurrency world is always evolving, with better innovations coming into the ecosystem. Consensus mechanisms are not left behind when it comes to progression. When Proof-of-Stake got introduced as an alternative to Proof-of-Work, it already h...

Staking stablecoins and PoS coins: which is safer and more profitable?

9 Jul 2020 6 minute read 0 comments Kluma

As part of the launch of the first USD Neutrino  stablecoin, John Voronin, advisor and product consultant for the WAVES․Exchange multifunctional crypto exchange, analyzed and compared the stability indicators of stablecoins and conventional PoS crypt...

Top 5 Crypto Staking Pools In 2020

11 Jun 2020 4 minute read 21 comments Absolute Unit

Staking has quickly become one of the most sought after features in most coins out there, as evidenced by ETH's massive increase in staking eligible wallets with their announcement of ETH 2.0. As long as the price of the coin remains fairly stable, s...

Cosmos Staking is for the Serious HODLer

16 Jun 2020 2 minute read 0 comments AlgoRhythm

I began my crypto journey in 2014 like many: buying Bitcoin and selling it for a decent profit at the time, only to realize I knew nothing about the reward of HODLing until watching all the lost profit of late-2017 while my BTC wallet sat at 0. After...

AltBet: A Gambling Proof-of-Stake Cryptocurrency with Passive Income Opportunities

5 Jul 2020 7 minute read 0 comments Wantandable

What's the first thing you should do when you have a lucky day at the casino? The answer is NOT to "let it ride!" and gamble away all your new money. It's to walk away. And with Altbet the answer is to get your ABET off of the gambling platform and i...