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.


Claim Tezos Daily Through Brave! 👉🏽💎👈🏾

1 Jul 2020 1 minute read 0 comments geocrypto

Hey Tezos enthusiasts! Now you can claim daily Tezos (XTZ) through Global Hive. Check my referral link above. Before going to the link let's learn about Tezos a little bit. What is Tezos? Tezos (XTZ) is a blockchain network linked to a digital token,...

youForia Token - The NEW Proof of Stake with Multiple Use Cases (Airdrop on Twitter)

7 May 2020 1 minute read 0 comments inkfluencer.crypto

About youForia $YFR youForia Token offers a PoS program that does not require the holder to have a continuous internet connection. youForia also represent to be a decentralized token economy for marketing, competitive gaming, content creating and eSp...

Overview "Yoda X" - cryptocurrency with a strong referral system.

6 May 2020 1 minute read 0 comments liorezal

This article will talk about the Yoda X project, which is a collective mining on the "Proof-of-stake" algorithm. The "Yoda X" cryptographic currency has a token with the symbol YOD. The developers plan to use the coin not only as a means of payment,...

Crypto on a Budget The road to 1 million 2x2 coins first milestone reached!

24 Apr 2020 1 minute read 0 comments unicorngirl

Two announcements 1. Once dtube goes on the main net (may 10) this will officially be the primary channel for this content. I will still post on Youtube but as most of us know YT hates crypto  and I am sure that channel will be taken down at some poi...

Proof-of-Work, Proof-of-Stake, Cold and Hot Staking - In a Nutshell

18 Jan 2020 2 minute read 6 comments L0S3rC0D3r

Proof-of-Work (PoW) Back in the early stages of Bitcoin. The term "mining" where refereed to the process of validation of transactions between nodes of terminals. The record of validation of transaction is something known as Blockchain. All this reco...

Best Staking (PoS) Services & Pools

9 Jan 2020 4 minute read 4 comments LiteLiger

Last time i made an extensive list of Masternode services now we are going to talk about proof of stake pools. This concept has been quite popular since inception of PoS coins and multiple services currently exist, which provide wide variety of diffe...

Introduction to Qtum Blockchain Course and Crypto Asset Investment Analysis Course (Earn $15 worth of Qtum)

15 Aug 2019 1 minute read 1 comment arcanu

I recently came across Invictus Capital a team of engineers and scientists, who embrace the rapid evolution of technology and its application to the financial sector. Invictus is the home of the first tokenized encryption index fund CRYPTO20, that ho...

Cryptocurrency upward trends. 4 massive reasons why!

10 Aug 2019 1 minute read 0 comments dvs007

I find it funny that people rely on this information. (comment please I want to know what people think, thank you. Also there's a link to a post on here about .... so please check that out if you want to talk to me on the comment I've made there abou...

Cryptocurrency for Stake June 2019

4 Jun 2019 1 minute read 0 comments otmaro_crypto

For those people who find it hard to make cryptocurrency mining for not owning equipment, I suggest you get the following coins to make stakes of them in any of the specialized sites in them. If you want to start getting coins this site, http...

Earn Green Profits with Proof of Stake Coin BitGreen

13 May 2019 1 minute read 0 comments ArcticSun

Early in January 2019 I wrote about earning Passive & Green Income with Bitcoin Green. The coin has recently rebranded from Bitcoin Green to BitGreen (BITG) in an effort to move away from Bitcoin and the association with the high demand Proof of Work...