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 Ethereum 2.0? From Proof of Work to Proof of Stake!

2 days ago 4 minute read 2 comments LiquidAttic

I was reading a bit about Ethereum and came across an article about an audit performed on Ethereum 2.0. I found it interesting to share this with you. Today I want to talk about a major change for Ethereum that will likely be released in 2020 and lat...

Proof of Stake and Ethereum 2.0

1 week ago 1 minute read 0 comments SylarHeisenberg

The Ethereum Blockchain is facing big changes. Vitalik Buterin has now bundled the step-by-step development of Ethereum 2.0 into a roadmap. In a recently published roadmap, Vitalik Buterin has taken a look at the development of Ethereum 2.0. The Ethe...

Why Algorand Is Your Number One Solution For Staking

2 days ago 1 minute read 0 comments Sapphire

The Algorand Blockchain Enters The Limelight The last few months have seen Algorand release one staggering accomplishment after another. Though I suspect many would not consider the SOV building their national digital currency using Algorand technolo...

Best coins for staking currently

7 Jun 2019 2 minute read 3 comments fblauer

Introduction There have been a number of articles written about Proof of Stake consensus, and how to earn rewards by staking your coins, voting and delegating to validators. So I will refer to some of those guides below. A good meta site for listing...

An introduction to Tezos

10 Feb 2020 19 minute read 5 comments Allen Walters

Tezos main net has been up and running since the summer of 2018 without any major issues. In this period, Tezos' unique on-chain governance model, has since done what it was designed to do and took Tezos though multiple upgrade cycles, improving and...

Proof-of-Stake (PoS) Consensus Mechanism Review

1 week ago 6 minute read 1 comment Changelly

Proof-of-Stake (PoS) Consensus Mechanism Review It’s not a secret that blockchains are based on certain algorithms of consensus to enable transactions and data exchange. Bitcoin was the pioneer in the sphere with the proof-of-work mechanism, but it’s...

Navcoin: A proof of stake coin for creating and issuing other tokens on its platform

18 Oct 2019 4 minute read 0 comments quintomudigo

    Navcoin is a native cryptocurrency of the Navcoin blockchain platform  created on the Navcoin blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to b...

How to stake your TrezarCoin (and withdraw from coinkit/graviex)

3 Feb 2020 2 minute read 0 comments lucasc

TrezarCoin is a hybrid proof-of-work / proof-of-stake cryptocurrency. Like Bitcoin, you can mine TZC (TrezarCoin), earning coin with your computation power. You can also stake it in your wallet, which is a much lighter task than mining and yields you...

POOL-X: The Best PoS Mining Pool Yet

12 Jan 2020 8 minute read 4 comments cryptosorted.info

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...

Proof of Stake, The Best Way to Earn Crypto Currencies

1 week ago 2 minute read 2 comments CryptoPk

The question arises in your mind why proof of stake? and what are the benefits of it to earn cryptocurrencies. Well, the answer is Proof of Stake aka PoS is the easiest way so far to earn cryptocurrency without any hashing power. When you are earning...