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-Work vs. Proof-of-Stake (what is the difference?)

17 Jan 2020 2 minute read 1 comment TrocProcLock

So each Cryptocurrency has one of two methods to verify transactions. Proof-of-Work and Proof-of-Stake. Proof-of-Work (PoW) was brought over to the money world by Hal Finney in 2004. And when Bitcoin was introduced in 2009 it was the first widely ad...

January 2020

15 Jan 2020 4 minute read 5 comments SpectreCoin

Welcome to the January 2020 Spectrecoin newsletter. As you all know, 2019 was a really challenging year in many ways for the crypto industry as a whole and in particular smaller projects. Spectrecoin however achieved some great things and made some r...

What is Bare Coin (BARE) - An Introductory Earning Guide

15 Jan 2020 2 minute read 0 comments msimyunn

Disclaimer: I am not a financial adviser, so please do your own research in making financial decisions. Also this post contains referral links, I am not obliging anyone to sign-up with them.    What is Bare Coin (BARE)? According to its own website,...

Best Staking Coins For 2020

14 Jan 2020 5 minute read 41 comments TrixTrade

Hi Crypto passionate, today I’am going to show you my top five best staking coins that generate passive income.   N°5 Reddcoin (RDD) Reddcoin is the first social media cryptocurrency, originally forked from Litecoin this OG coin has been there since...

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...

POOL-X: The Best PoS Mining Pool Yet

12 Jan 2020 8 minute read 4 comments CryptoSorted

Pool-X is the Next Generation POS Mining Pool supporting lockup crypto transactions, launched by the KuCoin Exchange in August 2019. In recent times, we have seen a great increase in the number and popularity of mining pools and innovative staking pr...

Staked Joins as a Supernode to Support Staking on V SYSTEMS

10 Jan 2020 1 minute read 1 comment v.systems

January 9 - With more than 95 million of VSYS coins leased for staking, Staked has officially become one of the supernodes on the V SYSTEMS mainnet today. Backed by two of the biggest blockchain investment firms Coinbase and Pantera, Staked is a well...

9 Most Profitable Proof of Stake Coins (PoS) Right Now!

9 Jan 2020 11 minute read 10 comments GoCryptoWise

In this article, we will explore the popular subject of Proof of Stake (PoS) blockchains and the passive income that you can earn from staking your PoS coins on those blockchains. In this article, we’ll be wholly focused on the Proof Of Stake system...

How to buy Waves (WAVES) on MyCointainer with Bitcoin (BTC)

5 Jan 2020 2 minute read 0 comments Chriss

MyCointainer is not only your ultimate automated PoS and Masternode Coin Staking platform, but it's also a gateway for everyone to buy Bitcoin with Fiat money (EUR, USD...) or exchange Bitcoin to many available altcoins (ETH, WAVES, TRX...) as well....

Staking FREE REDDCOIN update

1 Jan 2020 1 minute read 3 comments unicorngirl

For those of you who saw my first post/ video you know that I am doing a little experiment using free RDD.  The purpose of this was basically to see if someone could use faucets and get enough coins to stake.  The short answer to this is yes.   Howev...