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.


Top 5 Staking Coins in 2020

3 Jun 2020 1 minute read 0 comments Diviner

With Proof of Stake becoming more and more common, staking has become more popular than ever. Here are my top 5 coins that you can stake and earn passive income with in 2020. 5. Icon (ICX) Icon is a blockchain network dedicated to connecting differe...

The Masternode Ecosystem – A Leading Innovation in Consensus Mechanisms

8 Apr 2020 4 minute read 2 comments Crypto Adventure

With the advent of Blockchain technology, came in all sorts of intricacies and technical aspects that began to be developed, debated, criticized and implemented. There isn’t a single protocol, feature or application that checks the list of any partic...

What Is Tezos (XTZ)? - [A Comprehensive Guide to Understanding XTZ]

31 Oct 2019 7 minute read 5 comments Mr.CryptoWiki

The altcoin explosion that occurred perhaps 5 - 6 years ago has seen many networks and tokens arrive on the scene. ICOs gave teams the opportunity to raise massive amounts of funds almost instantaneously and this was both good and bad for investors,...

New Listing Proof of Stake (POS) and Masternode Coins #Week27

8 Jul 2019 1 minute read 0 comments CraZycryPto

StackOfStake listed GenesisX (XGS) Masternode Coin! StackOfStake is a full automatic shared masternode service. A powerful backend is used to perform all masternode administration and maintenance operations, all results are displayed in a simple and...

Max supply: an overrated quality

9 Jun 2020 3 minute read 0 comments Allen Walters

Investing in cryptocurrency means doing a good amount of research on potential projects. There are many factors to considder and some factors are more important than others. One of the factors that pops up in many discussions is, the question "does t...

TerraceX.com-->>Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

21 Jan 2020 2 minute read 4 comments Crypto_MD

"Update: Our upgrades have completed, welcome to the new home and new name of TerraceX to ........ Terrabit. The Terrabit name change is part of a holistic rearrangement of Terra's Asset's. We will bring more news and logo reveal before the end of th...

UPDATES - Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

4 Feb 2020 1 minute read 1 comment Crypto_MD

Hi to all! I don't see neccessary to copy/paste previous post (just read about Terrabit.io here) 1. They have online support 24/7 (you can send chat transcript to your email address). 2. Time of Transfer: - from the primary wallet to MiniPOS walle...

Is V Systems (VSYS) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

30 Dec 2019 7 minute read 3 comments CryptoBoomer

Blockchain projects are a dime a dozen now. This has attracted mockery from both those inside and outside the space. This is fair - so many projects these days seem to come up with a business idea without realizing whether or not the technology is ac...

Is Algorand (ALGO) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

13 Jan 2020 10 minute read 25 comments CryptoBoomer

Next-generation blockchains are all the rage at the moment. Everyone wants a little bit of Bitcoin and Ethereum’s market shares, but the former two have such a head start and made such progress that it is not going to happen without some incredibly u...

Magi Coin (XMG) Mining and Staking on Libre La Frite

6 Jun 2020 3 minute read 0 comments cryptoddy

This is a guide on how I managed to do mining on Magi Coin (XMG) on La Frite, a single board computer by Libre Computer. This coin mining is not a get rich solution, rather it is a good experience on how crypto mining works. Coin Magi (XMG) is a CPU...