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.


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3 Nov 2020 1 minute read 1 comment ultron91x

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PoS- A PoS? - Staking- The Claim of Decentralized Consensus and Reward Distribution, Unrealized. The TK fix

1 Nov 2020 9 minute read 8 comments thunderboltkid

Witness EOS, Where 11 wallets control most of the wealth within that  crypto "Ecosystem' Earning rewards every Epoch. Not good. Is there a better, improved way to Stake (Proof of Stake) and earn rewards for providing Consensus services  to settle tr...

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30 Oct 2020 2 minute read 24 comments PVMihalache

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Taurus enables secure Tezos staking infrastructure for institutional use-cases

30 Oct 2020 2 minute read 2 comments Allen Walters

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My Cointainer - Looking For More Staking Options With Great Yields?

29 Oct 2020 2 minute read 4 comments Sapphire

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27 Oct 2020 1 minute read 1 comment ultron91x

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Exaion EDF Group will become a corporate baker in the Tezos LPoS ecosystem and wants to develop a whole ecosystem of "smart" applications on Tezos

23 Oct 2020 2 minute read 2 comments Allen Walters

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Rebuffing the popular stereotype: Why Proof of Stake (POS) coins could rule the crypto space.

19 Oct 2020 5 minute read 9 comments Dzoelx

Newest blockchain technology and cryptocurrency projects have developed a number of consensus algorithms different from the earliest Proof of Work algorithm and the Proof of stake algorithm too. Proof of concept, Proof of Knowledge; Proof of solution...

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