Proof of Stake (PoS) - News, Opinion & and Analysis

Proof of Stake (PoS)

229 Articles 9 Followers

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.


Upcoming PoS Variations - How They Improve Your Staking Experience

19 hours ago 4 minute read 0 comments Chriss

The cryptocurrency world is always evolving, with better innovations coming into the ecosystem. Consensus mechanisms are not left behind when it comes to progression. When Proof-of-Stake got introduced as an alternative to Proof-of-Work, it already h...

Mining Pool Stats & Block Explorer

11 Jul 2020 1 minute read 0 comments ĒRDNA

List of known PoW mining pools with realtime pool hashrate distribution. TYPES OF CRYPTO MINING Proof-of-Work is a crypto mining protocol that defines an extensive mathematical computation that needs to be performed in order to create a new block f...

Decentralized Staking Gets Better with Atomic Wallet

11 Jul 2020 3 minute read 2 comments RitabeII

Hello there and welcome to my blog. I trust you have been staying safe and healthy amidst the Covid-19 pandemic.  It is somewhat a good thing that Covid-19 ushered in a new era for the crypto space as we kee seeing several projects hit their hot spo...

Staking stablecoins and PoS coins: which is safer and more profitable?

9 Jul 2020 6 minute read 0 comments Kluma

As part of the launch of the first USD Neutrino  stablecoin, John Voronin, advisor and product consultant for the WAVES․Exchange multifunctional crypto exchange, analyzed and compared the stability indicators of stablecoins and conventional PoS crypt...

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...

Proof of Stake Vs Proof of Work: The quest for healthier consensus algorithm.

4 Jul 2020 8 minute read 4 comments Dzoelx

Unarguably one of the biggest events expected to happen soon on the crypto space is ethereum moving from Proof of Work to Proof of stake. I’m sure a couple of investors just saved up at least 40 ether coins waiting to put them on the stake. Poor me!,...

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,...