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.


#5 Altcoins simple. Cardano - The Internet of Blockchain - Is it an investment?

5 Apr 2020 2 minute read 2 comments Oliver Singer

What is Cardano? Cardano is a Blockchain platform, which aims at running smart contracts. The Cardano-Foundation is working with academics and scientists in order to build a strong network, that makes sure, that the further development of the cardan...

Best Staking Coins For 2020

14 Jan 2020 5 minute read 41 comments TrixTrade

Hi Crypto passionate, today I’am going to show you my top five best staking coins that generate passive income.   N°5 Reddcoin (RDD) Reddcoin is the first social media cryptocurrency, originally forked from Litecoin this OG coin has been there since...

Staking FREE REDDCOIN update

1 Jan 2020 1 minute read 3 comments unicorngirl

For those of you who saw my first post/ video you know that I am doing a little experiment using free RDD.  The purpose of this was basically to see if someone could use faucets and get enough coins to stake.  The short answer to this is yes.   Howev...

An actual Cardano post

10 Apr 2020 3 minute read 7 comments Call me Steven

Okay, so I am going to be honest with you on this one. Before starting to get acquainted with Publish0x I had never heard of Cardano. I didn't know what it was, even though it is ranked number 15 by market cap. But this might be just me. Anyways, sin...

Daps coin listed inside Stakecube platform

23 Dec 2019 1 minute read 0 comments Lucian Nagy Composer Multi ethnic instrumentalist

Daps coin started its journey inside Stakecube platform. As many of you maybe know that Stakecube is one of the greatest platforms for staking protocol inside this vast crypto blockchain. You can join here and invest in Daps coin as well for staking:...

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...

Level up your Staking and Mastenode Experience with MyCointainer!

17 Apr 2020 3 minute read 3 comments anncrypto

  Forget about mining your favorite cryptocurrencies, why bother investing thousands of dollars over an equipment and spending too much on electricity when there are much cheaper alternatives that do quite the same? The Proof of Stake (PoS) to be exa...

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...

Today In Crypto - April 14 Edition

14 Apr 2020 2 minute read 0 comments Sapphire

Mati Greenspan Says BTC Halving Will Be Nothing Like BCH And BSV! Mati Greenspan recently tweeted regarding his views of the upcoming BTC halving. Greenspan sees the BTC halving as a completely unique event and that it should in no way be compared to...

Simple PoS Pool Review

22 Jun 2019 1 minute read 0 comments LiteLiger

Simple PoS Pool Review One of the projects ive been jumping lately are proof-of-stake based coins and also Crypto that are paying dividends, but today we are gonna focus on a service called Simple PoS Pool, which allows people to stake their coins i...