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.


Will ProgPoW Lead To Ethereum Fork in July 2020? [EXPLAINED]

25 Feb 2020 3 minute read 1 comment Brawnd0

So I decided to follow up on Ethereum’s development progress after the recent news that there were plans to bridge XRP and Ethereum. It’s hard to keep up with all that is happening in the crypto space and it’s been a while since I took a proper look...

NULS — Telegram AMA & QUIZ — March 11

1 week ago 19 minute read 0 comments Nuls

    On Wednesday, March 11, we had the pleasure to welcome to our Telegram chat: Berzeck, NULS Western Regional Director. We asked him questions about the development of NULS, currently ranked 161 on CoinMarketCap. Some sentences have been slightly...

Long-term hold the best investment : ESBC (Betting, Pos-MN)

14 Apr 2019 3 minute read 0 comments raga1997

ESBC is a masternode and proof of stake project which lets you scratch that gambling itch by establishing a fast, community-friendly and anonymous betting platform based on $ESBC. The main project goals are: enabling users to make anonymous bets on t...

What is coin staking and how do you make money from it?

16 Feb 2020 2 minute read 1 comment Cryptonator`s Airdrop Hunt

Coin staking will become an attractive alternative to trading for many investors because it seems to be a safe haven. But how does staking work? What profits are possible and are there any risks? What is coin staking? Coin staking is basically a by-p...

Best coins for staking currently

7 Jun 2019 2 minute read 3 comments fblauer

Introduction There have been a number of articles written about Proof of Stake consensus, and how to earn rewards by staking your coins, voting and delegating to validators. So I will refer to some of those guides below. A good meta site for listing...

Harmony (ONE) - Good To Invest?

22 Feb 2020 2 minute read 6 comments paragism

Cover Image Source – Digitally modified by the author What is harmony?Harmony is an open infrastructure of future for 10B people. Its revolutionary open infrastructure provides high performance, low latency and low fee platform to power decentralized...

Four Quark coins

23 Jul 2019 2 minute read 0 comments tsakf

Cryptocurrency, uses a hashing algorithm, to find out a cryptographic solution, to let the first miner, who found it, to create a block. When a block is created, the miner can put transactions on it, When this happens, the miners, gets the transactio...

January 2020

15 Jan 2020 4 minute read 5 comments SpectreCoin

Welcome to the January 2020 Spectrecoin newsletter. As you all know, 2019 was a really challenging year in many ways for the crypto industry as a whole and in particular smaller projects. Spectrecoin however achieved some great things and made some r...

Ontology Coin: A proof of stake coin rewarding users with ontology Gas for securing network with ontology coin

3 Oct 2019 6 minute read 0 comments quintomudigo

  Ontology coin is a native cryptocurrency of the Ontology blockchain network platform created on the Ontology blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being co...

V4.1 Release Update

14 Nov 2019 3 minute read 0 comments SpectreCoin

Latest wallet download:https://spectreproject.io/index.html#downloads We have just released Spectrecoin v4.1, now available to download from our website. This release introduces so called “Mnemonic seed” wallet backup which greatly improves the secur...