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.


Staking Crypto – Strategy to make Millions!

13 Jun 2020 3 minute read 19 comments SamBTC

If you have read my previous posts you would have found a common theme that is I am a hardcore Bitcoin maximalist. I firmly believe BTC is the king of crypto and will continue to be the leader for decades to come. I had however been looking for some...

Top 5 Crypto Staking Pools In 2020

11 Jun 2020 4 minute read 21 comments Absolute Unit

Staking has quickly become one of the most sought after features in most coins out there, as evidenced by ETH's massive increase in staking eligible wallets with their announcement of ETH 2.0. As long as the price of the coin remains fairly stable, s...

Earn Passive Income From Staking Crypto

24 Jun 2020 4 minute read 10 comments cryptoforcanadians

I recently wrote a post on the different ways that you can earn interest on your crypto. In that post, I briefly mentioned "staking" and how it's another option to earn crypto on crypto but how it's slightly different from lending it out to earn inte...

Tezos now has over 50,000 active delegators!

17 Jun 2020 2 minute read 1 comment Allen Walters

Delegators are holders of XTZ that join the PoS system that secures Tezos. The amount of active delegators has just reached + 50,000. A great milestone.  Short recap of Tezos' Proof of Stake model: blockchains that use the Proof of Stake consensus al...

What is the AWC token anyway? Its like Binance coin ongly different!

16 Jun 2020 3 minute read 8 comments LiquidAttic

The AWC token  The token AWC establishes itself as the first token issued by a decentralized cryptocurrency wallet. I must say that this has aroused my interest. Looking at the potential growth, this token is only at the beginning of its journey. At...

How to Stake Komodo on Atomic Wallet!

28 Jun 2020 2 minute read 8 comments SamBTC

I recently wrote a post on how was my initial experience staking different coins on Atomic Wallet. In case you missed the article you can find it here - https://www.publish0x.com/crypto-projects-sams-reviews/my-first-week-of-staking-crypto-xdrdgml On...

POS and DPOS: As we sing a lullaby to Proof of Work (POW)....

18 Jun 2020 6 minute read 3 comments Cryptonsula

After hearing about "Bitcoin" from a nerdy friend, a crypto-space newbie in late 2013 stumbles upon the strange-sounding terms "mining" and "proof of work" during his infant days, while searching about "what is bitcoin" on google and wikipedia. Soon,...

A guide about: Consensus Algorithms in the blockchain world

26 Jun 2020 7 minute read 0 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...

Coda Protocol: The Small Blockchain with Big Plans

2 Jun 2020 5 minute read 6 comments Mynima

Introduction This is a project I found just under a year ago while I was looking up zk-SNARKS. The team are currently in the testing phase of the program and looking towards building on the open testing, the incentive of which is currently to be cons...

My Experience with Atomic Wallet, the Bad One!

20 Jun 2020 2 minute read 8 comments Teodor

After writing my good experience with Atomic wallet, I found out about Atom (Cosmos) staking slashing from their FAQ! So, because the articles on Publish0x aren't indexed for long time, I've decided to split the article in two, the old article is abo...