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.

Guide: Staking Spectrecoin on a Raspberry Pi

19 Mar 2019 3 minute read 3 comments SpectreCat

Staking Spectrecoin on your Raspberry Pi is really easy to set up. Just follow this guide and you can sit back and watch your Pi do the work for you!      — — — — — — — — Summary Flash the latest Raspi image from the official Spectrecoin Github onto...

Look at Proof-Of-Stake Pool Service - StakeCube

10 Mar 2019 1 minute read 0 comments LiteLiger

Today i will be talking about StakeCube a proof of stake service, which allows you to deposit different type of PoS coins like Pivx, Reddcoin, Bitcoin Green, Navcoin, XPCoin, Beancash and many less known PoS coins. When you stake inside a pool you g...

15.6% Returns of Bibox (BIX) Staking — Actual Example and FAQ

1 Mar 2019 2 minute read 5 comments liquidsteel

Disclaimer: This is NOT financial advice and should not be taken as such. Not guaranteed to be correct or continue to be correct. Do your own research. Background BIX is a token issued by Bibox exchange. They had recently revamped their staking model...

Free Resource Calculates Crypto Staking Rewards

17 Feb 2019 1 minute read 4 comments BlockchainAuthor

Proof-of-Stake crypto projects are like savings accounts from a bygone era. Back in the day, banks used to pay north of 5% annual interest just for holding funds with them. But not anymore. You're lucky to get even 1% these days. Staking rewards, on...

Spectrecoin Newsletter (February 2019)

12 Feb 2019 6 minute read 6 comments Alias

Welcome to the Spectrecoin February 2019 newsletter and development update. Over the last month, there have been some major shifts in the exchange landscape as far as Spectrecoin is concerned. [First a note about the Cryptopia Hack] On 14/01/2019 our...

The Crypto Winter: Where Do We Go From Here?

1 Feb 2019 4 minute read 0 comments CryptoKeeper

       2018 started off with a high rush and then quickly faded to a deep, dark, pit of despair as Bitcoin rose to meteroic heights only to fall from the sky like Icarus. Since then, the year was a rocky sea of ups and downs; a market that seemed des...

Passive & Green Income with Bitcoin Green

23 Jan 2019 3 minute read 5 comments ArcticSun

The ongoing electricity cost associated with running a mining rig on Bitcoin is often criticized for its energy guzzling requirements. Mining not just for Bitcoin but all other mineable altcoins, can be an ongoing challenge especially in a volatile o...

How i earned 0.135$ in crypto by staking on September

2 Oct 2020 1 minute read 0 comments ionutzu97

  Welcome to the monthly review of My Staking Portfolio. I provide an update of the interests I got, the services I used and the transactions I did during the month of september. If you have any questions feel free to ask! Interests received in Septe...

Stake And Earn A Passive Apr With Atomic Wallet Coin (AWC)

25 Aug 2020 1 minute read 2 comments RitabeII

14,702 $AWC worth of $16,000 rewards were paid to 6515 holders last week! If you currently hold and stake AWC, We may see a new ATH soon. Btw, you can still stake and earn up to 23% yearly staking AWC. Visit this website for more: http://atomicwalle...

DeFi vs Staking Rewards - Dogecoin to $1???

7 Jul 2020 1 minute read 0 comments crypto_clay

  Today we discuss the key differences of Decentralized Finance and staking rewards. Each of these investment strategies have their pros and cons. I break down what I think makes these similar and different and ultimately give my opinion on which is...