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, The Best Way to Earn Crypto Currencies

23 Mar 2020 2 minute read 2 comments CryptoPk

The question arises in your mind why proof of stake? and what are the benefits of it to earn cryptocurrencies. Well, the answer is Proof of Stake aka PoS is the easiest way so far to earn cryptocurrency without any hashing power. When you are earning...

Proof of Stake and Ethereum 2.0

23 Mar 2020 1 minute read 0 comments SylarHeisenberg

The Ethereum Blockchain is facing big changes. Vitalik Buterin has now bundled the step-by-step development of Ethereum 2.0 into a roadmap. In a recently published roadmap, Vitalik Buterin has taken a look at the development of Ethereum 2.0. The Ethe...

NULS — Telegram AMA & QUIZ — March 11

18 Mar 2020 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...

Nuls: Staking

18 Mar 2020 1 minute read 0 comments NULS

#StakingOur award-winning Proof of Credit consensus mechanism secures the NULS network by combining Delegated Proof of Stake with an added credit rating feature. Operate a NULS masternode or stake into a node to start earning NULS in minutes. #How to...

The Value of Real-World Problem Solvers

12 Mar 2020 1 minute read 0 comments valuevision

PoS systems incentives miners and mining equipment producers only. You buy it and then you hodl it. You do nothing with it. You store it on your Ledger and wait for price to increase. Traders make some profit on it. I think BTC can be a store of valu...

Ethereum 2.0 Proof of Stake?

10 Mar 2020 5 minute read 1 comment CryptoPk

A few quick disclaimers before we kick-off to discuss the Ethereum 2.0. I am not a financial advisor so, please consult yours before considering any investment on the crypto network specifically due to its high volatility.  What is Ethereum 1.0 befor...

A guide about: Proof of work, Proof of stake and others explained!

6 Mar 2020 6 minute read 6 comments LiquidAttic

This post took a little more time and more research than I am used to. I myself wanted to know how different blockchain consensus algorithms work and how they were chosen. Today I want to talk about different blockchain consensus algorithms. There ar...

My Partial Tezos Rewards Summary.

3 Mar 2020 5 minute read 0 comments TiddyBit

Hey everyone! Its been a while since I last wrote something. I've been kinda busy, had to put some crypto things on back burner for a little bit there. Hoping you all didn't suffer to much from the downwards motion we have been experiencing and hopin...

Proof of Work vs Proof of Stake vs Proof of Importance - Blockchain

2 Mar 2020 3 minute read 0 comments Gopherine

Cryptocurrencies are based on the decentralized database based upon consensus mechanism or in other words distributed ledger. Any data stored in this network are immutable(cannot be changed or deleted) as it is stored in different locations, without...

A Mixed Cocktail of Blockchain Consensus Rewards

1 Mar 2020 8 minute read 10 comments BlockchainAuthor

Have Your Stake & Mine It Too This article originally appeared on The Capital and yes, in case you were wondering, I gave myself permission to repost it here. :-) Today we’ll examine critical strengths and weaknesses of the blockchain industry’s mos...