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.


Proof of Stake: scam or no scam

17 Sep 2019 4 minute read 19 comments viraladmin

In yesterdays article 10 simple rules of avoiding cryptocurrency scams I had two comments, one from @beachbummer and one from @yanika, that both suggested Proof of Stake coins should be the exception to my rule "Never trust the words passive earnings...

Mining by Leasing Proof of Stake (LPoS) Waves

6 Aug 2019 3 minute read 2 comments Thiago Capuano

We have already heard of the rewards received for acting to aid blockchain decentralization through block confirmations, especially the most well-known Proof of Work (PoW) and Proof of Stake (PoS). This article will cover the Waves Leasing Proof of S...

Coinex token:A token for creating and issuing other tokens as well as a token for creating pairs of the issued token in terms of coinex on its DEX

13 Nov 2019 6 minute read 0 comments quintomudigo

                        Coinex coin is a native cryptocurrency of the coinex chain blockchain platform  created and issued on  the ethereum blockchain network platform but it is scheduled to be transferred to its mainnet in late 2019 whose transacti...

PRiZM Proof of Stake

28 Feb 2020 4 minute read 0 comments PRiZM on PublishOx

In the traditional "Proof of Work" model used by themajority of cryptocurrencies, network security isensured by participants performing "work". They usetheir resources (calculation/processing time) toreconcile transactions with double costs and in or...

Vitalik Buterin on Ethereum 2.00

25 Feb 2020 1 minute read 1 comment simpatico.crypto

I'm Bullish On Buterin Good piece here from Coindesk, live and direct from from the man himself. For the life of me I couldn't embed the source video, so I gave up eventually. The link below opens to the page. Life's too short!   Vitalik Signs I'd l...

Best POS and Interest Site

17 Feb 2020 1 minute read 0 comments ionutzu97

Hello everyone! Today I will present one of the best poses that I use. This is Stakecube. Currently, 48 cryptocurrencies are listed on this site, but one is added each month. ABET,AEM,APR,ASAFE,BITB,BITG,BLOCK,BTC,COLX,DAPS,DASH,DC,DEV,DGB,DOGE,ESBC...

Tezos XTZ Soars and What You Need To Know?

15 Feb 2020 3 minute read 2 comments TiddyBit

First we already know the market is reacting to this. People like you and I got in early while others are catching up and others still claiming scam as they are left behind just like Bitcoin and Ethereum did its watchers.... This is great right?   We...

Tezos (XTZ) to take on Ethereum (ETH) as number two Crypto?

15 Feb 2020 2 minute read 2 comments TiddyBit

Opinion: In recent days Tezos (XTZ) has taken many in the crypto world unexpectedly. With several gains and over shadowing many other coins it has many in the crypto world saying things from "SCAM COIN" to people trying to predict its demise. What is...

Proof-of-Stake Coins Rewards Explained - Passive Income?

7 Feb 2020 2 minute read 4 comments cryptowc

What is Proof-of-Stake (PoS)? As Investopedia defines, “Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a mine...

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...