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.


Cobo Crypto wallet for investing and staking

29 May 2019 3 minute read 0 comments fblauer

Intro I have been evaluating the Cobo.com wallet services for the past few of months. I have been testing the staking pool, and interest earning capabilities, as an alternative to Celsius (which I really like – I will also be writing some articles ab...

The Most Important Development You Never Knew

14 Aug 2019 5 minute read 28 comments viraladmin

Most people in the cryptocurrency industry have heard of the consensus mechanisms called Proof of Work (PoW) and Proof of Stake (PoS). Today I want to introduce you to a lesser known proofing mechanism and why this mechanism is so important. Proof of...

Ultimate Proof-of-Work vs. Proof-of-Stake Discussion with Crypto Ramble

30 Apr 2020 1 minute read 0 comments TheDesertLynx

I had the great pleasure last year of having a comprehensive discussion on the main cryptocurrency anti-sybil mechanisms, proof-of-work and proof-of-stake, and their various drawbacks and advantage. We cover the difference between the two and the di...

TOP 5 Staking Coins 2020

6 Apr 2020 3 minute read 45 comments Cryptonator`s Airdrop Hunt

Coin staking has become an attractive alternative to trading for many crypto investors. Yes, I`m a huge fan of coin staking and I believe that you love it too. That`s why I decided to write this post about it. So here they are, my personal TOP 5 stak...

Atomic Wallet - When the stakes are high

12 Jun 2020 2 minute read 0 comments Virendar

By now almost everyone has heard of Proof Of Stake (POS) tokens, and just like every other investment it is vital that we understand what we are getting in to, that's why I aim to tell you how easy it is to stake coins with Atomic Wallet in addition...

I Successfully Stake Tron TRX Tokens. Here's How To Do It.

5 Feb 2020 6 minute read 7 comments SkinnerCrypto

Ah, Tron Staking. I love it so much. It's a great way for basically anybody off the street to put a little skin in the crypto game and see some rewards in a day. I personally think it is a great motivator to wake up in the morning and see that your w...

Loopring Staking [A Warning]

18 Apr 2020 2 minute read 1 comment bdk81

Dear all, Here I will post shortly about Loopring and you can read more on my previous post. Then I will explain why there is a word "Warning" in the title. My whole post will be a mix of multiple posts and current LRC price on market. Click here to...

Tezos (XTZ) staking rewards tracking

6 May 2020 2 minute read 1 comment Baking Bad

In our previous article (1, 2) we have reviewed the specifics of Tezos Staking. The next important step is to track payments, because rewards for staking are not automatically distributed in the protocol. There is a telegram bot that allows you not t...

Is Cardano (ADA) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

9 Dec 2019 6 minute read 13 comments CryptoBoomer

A lot of cryptocurrency projects have emerged since Ethereum showed the world that a blockchain network could be used for much more than payments. If Bitcoin was the king of cryptocurrencies, Ethereum and the countless altcoins that followed were the...

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...