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.


Algorand Beats Them All 🌟

24 May 2020 1 minute read 2 comments valuevision

Algorand advantages   PPoS (Pure Proof of Stake Technology) 1.000 TPS 5 seconds to settle nearly zero transaction fee immediate transaction finality   If you start staking, you don't need to delegate your stake. Get rewards simply by holding a bala...

Ethereum events in 2020

24 May 2020 1 minute read 0 comments Blockchain Times

Being second largest cryptocurrency by market-cap the native currency of ethereum network ETH is the most popular crypto after BTC. 2019 was a disappointing year for Eth as for any other crypto project.In this blog I will cover the events of ethereum...

Understanding Ethereum 2.0: Where are we on the timeline?

24 May 2020 2 minute read 1 comment Cryptohem

Ethereum 2.0 is one of the project which has been working since 2017.A vision of Ethereum in making a real supercomputer. And is one of the most long awaited scaling solution that will take the blockchain to proof of stake(POS) model. It was schedule...

Top 5 Crypto Staking providers

23 May 2020 1 minute read 0 comments Blockchain Times

There is a famous quote that states "Don't work for money , make money work for you" Staking just prove it right and works on the mechanim of proof-of-stake. Proof-of-stake is the type of consensus alogrithim by which a blockchain network aims to ac...

What are Proof-of-Work (PoW) and Proof-of-Stake (PoS) in Cryptocurrencies?

21 May 2020 5 minute read 1 comment Chriss

The three words you will definitely come across as soon as you start learning about cryptocurrencies are Distributed Ledgers, Blockchain, and Consensus Algorithms. The good thing is that these vocally confusing words refer to concepts that will...

Top 5 most reliable cryptocurrencies PoS to place on staking.

20 May 2020 3 minute read 3 comments Papiloskibtc

Everyone will have their preferences when selecting a cryptocurrency or wallet, but it is a fact that PoS have many technical and above all, economic benefits for their holders. These cryptocurrencies offer two options: run a masternode or go to the...

My intro to Masternodes

17 May 2020 4 minute read 1 comment PsklQc

Hi, let me introduce myself and what I pretend to do. I’m not a techy (if you are, please don’t read unless you want to laugh a little…) I’m just a normal guy with no particular skill with computer although with some background in finance. I’ve been...

Relictum Pro(Blockchain 5.0)-- Best Modern Blockchain Startup

16 May 2020 2 minute read 0 comments EbriDan

●  INTRODUCTION  Relictum Pro is the latest version of the #blockchain technology, it is available for use by individuals, organizations, private and public cooperations including the government. Relictum Pro is designed for the purpose of improving...

Waves wallet exchange stake

16 May 2020 1 minute read 1 comment Argo19

  Earn 7.51% Annual Revenues 751.42734 USDis your rough annual income with staking, if you invest 10,000 USD.   Staking is the new way of depositing funds based on the blockchain economy   BANK DEPOSIT 0.1-1% interest in USD You give your money to...

How MyCointainer Can Help You in this Pandemic

16 May 2020 4 minute read 2 comments Chriss

As the world are currently going through unprecedented times, it's important to maintain our financial freedom by using alternative instruments. After the coronavirus pandemic has taken its tool on global economy, the central banks from all over...