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.


What is staking?

24 Jun 2020 2 minute read 1 comment Kluma

What is staking? Staking (from the English stake - “rate”, “part of the profit”) - receiving passive income from cryptocurrencies on the PoS algorithm and its variations. The essence of the process is to keep coins in your wallet to obtain the right...

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...

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...

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,...

Best Proof Of Stake Coins For Easy Passive Income 2020

18 Jun 2020 1 minute read 2 comments Nafay

  Hey Guys today we will be discussing about staking on the Exodus wallet. What is a Proof of Stake Coin? A proof of stake (PoS) coin is a crypto asset in which one stores or stakes coins in a particular wallet as its transaction validation mechanis...

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...

This is when Zilliqa will break $0.03

16 Jun 2020 1 minute read 0 comments Vms_Crypto

Zilliqa has been on a major tear in the last few months dwarfing gains made by large cap coins like Bitcoin and Ethereum. Gains of over 530% within 2 months have not gone unnoticed. (Source: Trading View) With prices currently $0.0250 (time of writin...

Cosmos Staking is for the Serious HODLer

16 Jun 2020 2 minute read 0 comments AlgoRhythm

I began my crypto journey in 2014 like many: buying Bitcoin and selling it for a decent profit at the time, only to realize I knew nothing about the reward of HODLing until watching all the lost profit of late-2017 while my BTC wallet sat at 0. After...

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...

Atomic Wallet - When the stakes are high

12 Jun 2020 2 minute read 0 comments Virendar

By now almost everyone has heard of Proof Of Stake (POS) tokens, and just like every other investment it is vital that we understand what we are getting in to, that's why I aim to tell you how easy it is to stake coins with Atomic Wallet in addition...