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.


COINBASE : STAKE COSMOS AND EARN REWARDS

30 Sep 2020 1 minute read 0 comments kamranrkploy

What is COSMOS...? SOURCE Cosmos is an ecosystem that uses Proof of Stake for it's Blockchain. The aim of the same is to create an , "Internet of Blockchains".Cosmos aims to create a network of crypto networks united by open-source tools for streamli...

8 Days to Spectrecoin Rebrand

22 Sep 2020 1 minute read 4 comments Alias

Spectrecoin, established in late 2016, rose from a place of underground sensibilities and initially appealed to a relatively small crowd of crypto geeks and privacy supporters. As the project matured and evolved, it attracted a team of highly skilled...

An introduction to Tezos

10 Feb 2020 24 minute read 10 comments Allen Walters

Tezos main net has been up and running since the summer of 2018 without any major issues. In this period, Tezos' unique on-chain governance model, has since done what it was designed to do and took Tezos though multiple upgrade cycles, improving and...

6 Most Promising Proof-Of-Stake Projects in 2020 for Staking

13 Aug 2020 4 minute read 6 comments Chriss

Blockchain developers just can't get enough of the Proof-of-Stake protocol. They are implementing it on new and upgraded blockchain ecosystems for its numerous advantages, such as scalability, interoperability, and smart contract capabilities. As a c...

Tezos (XTZ) staking rewards tracking

6 May 2020 2 minute read 1 comment Baking Bad

In our previous article (1, 2) we have reviewed the specifics of Tezos Staking. The next important step is to track payments, because rewards for staking are not automatically distributed in the protocol. There is a telegram bot that allows you not t...

Intro To Stakecube.net Make Passive Income On this Exchange

25 Sep 2020 1 minute read 0 comments SteveR82

         Hello,   Thanks to all the new subs. I have been trying to make more crypto stuff for all of you. Most of what I make is about getting passive income. I did this in the Betfury videos showing how to get the daily play out. I also showed you...

Loopring Staking [A Warning]

18 Apr 2020 2 minute read 1 comment kripto_man

Dear all, Here I will post shortly about Loopring and you can read more on my previous post. Then I will explain why there is a word "Warning" in the title. My whole post will be a mix of multiple posts and current LRC price on market. Click here to...

Tron staking using TronWallet

27 May 2020 1 minute read 0 comments yanis

In this tutorial, you'll learn how to stake tron using tronwallet (mobile) to earn staking rewards.   Why staking tron (user side) ? When you stake tron, you earn money without spending one cent (just locking).   What does it give to the Tron Network...

Word of the day : Consensus!

15 Sep 2020 3 minute read 0 comments HaOm

 -Consensus : "A general agreement," "the judgment arrived at by most of those concerned." - https://www.merriam-webster.com/dictionary/consensus - What is a Consensus Mechanism? : "A consensus mechanism is a fault-tolerant mechanism that is used in...

MyCointainer: The Ultimate Staking & Masternode Platform for Maximized Staking Rewards

14 Sep 2020 4 minute read 4 comments Crypto Adventure

Trading and generating income from cryptocurrencies can be tedious and challenging. Crypto mining has been the main way to release new coins into the crypto world since the introduction of bitcoin in 2009. Unfortunately, mining comes with several sig...