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.


Consensus Algorithms

24 Sep 2019 9 minute read 2 comments viraladmin

The following post is a list of consensus algorithms that was originally posted in Portuguese at https://livecoins.com.br/algoritmos-de-consenso/. I have full permission granted to repost the article. Some formatting changes have been made. I make no...

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...

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...

The Third Implementation of the Community-centric Delegation Campaign & the Second One-year Token Burn Plan!

7 Jul 2020 1 minute read 0 comments Cosmos Network Family and Friends

In April 2020, the IRIS Foundation Rolled Out a Community-Centric Delegation Campaign & the Second One-Year Token Burn Plan. The results of the third implementation are as follow: IRIS Foundation made a distribution to delegators with an amount equa...

The Future of Proof of Stake and Staking in Crypto Ecosystem

6 Jul 2020 3 minute read 2 comments Chriss

The impending shift of Ethereum's blockchain from Proof-of-Work to Proof-of-Stake has directed a lot of the market's attention to staking. As mining becomes commercialized, Proof-of-Stake is pushing staking as the primary form of passive income. The...

How To Earn More Staking Rewards - Simple Trading Strategy

5 Jul 2020 1 minute read 0 comments TrixTrade

  Hey Crypto Passionate  I was always fascinated by the fact that we can really earn a passive income with cryptocurrency staking. However, staking crypto has pros and cons. Pros: it's a great way to make money when you sleep. Cons: You need a bag of...

AltBet: A Gambling Proof-of-Stake Cryptocurrency with Passive Income Opportunities

5 Jul 2020 7 minute read 0 comments Wantandable

What's the first thing you should do when you have a lucky day at the casino? The answer is NOT to "let it ride!" and gamble away all your new money. It's to walk away. And with Altbet the answer is to get your ABET off of the gambling platform and i...

PoW and PoS mining.

3 Jul 2020 1 minute read 0 comments Jandmade

In the crypto world when we talk about mining we refer metaphorically to the process of extracting cryptocurrencies. There are several types of mining even though the most recurring are the so-called PoW and PoS. PoW is the acronym for Proof of Work,...

Peercoin: Pioneer of Proof of Stake

1 Jul 2020 1 minute read 11 comments Renan Rosa

Have you ever heard about Peercoin? We can consider Peercoin as one of those dinosaurs that exist since the most remote eras of the crypto and blockchain, as old as Bitcoin and Litecoin, we can consider it too. Besides a peer-to-peer cryptocurrency,...

Matic Network promises 120% profit staking

30 Jun 2020 1 minute read 0 comments InsanisFox

Blockchain startup Matic Network has announced the launch of the first tranche of its ambitious staking program, which includes huge returns for external crypto network validators. Quick reference: Matic is an already working decentralized applicatio...