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.


After Coinbase made it possible to stake Tezos on their exchange, OKEx will do the same today.

7 Nov 2019 1 minute read 0 comments Allen Walters

Yesterday OKEx was open for Tezos (XTZ) deposits. Today trading will be possible (USDT and BTC pairs). Also yesterday: Coinbase made it possible for their users to delegate (Stake) their XTZ while keeping them on Coinbase instead of a Tezos wallet. T...

Coinbase just started baking their XTZ and you can now delegate your XTZ while keeping them on Coinbase.

6 Nov 2019 1 minute read 0 comments Allen Walters

Tezos uses LiquidPoS, which gives Tezos token holders (XTZ) the possibility to bake or delegate their XTZ. (Staking) This gives you a return of around 5.5% on a yearly bases. You can start up a node if you own 8k + XTZ, and XTZ holders with less fund...

ARK coin: A delegated proof of stake coin for creating Dapps and creating and issuing tokens

6 Nov 2019 5 minute read 0 comments quintomudigo

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

ICON coin: A delegated proof of stake coin for creating Dapps and creating and issuing Dapps token

5 Nov 2019 5 minute read 1 comment quintomudigo

            ICON coin is a native cryptocurrency of the ICON blockchain platform  created and issued on the Ethereum network but was later transferred to  the ICON blockchain network platform whose transaction takes place from one peer to another wi...

What Is Tezos (XTZ)? - [A Comprehensive Guide to Understanding XTZ]

31 Oct 2019 7 minute read 5 comments Mr.CryptoWiki

The altcoin explosion that occurred perhaps 5 - 6 years ago has seen many networks and tokens arrive on the scene. ICOs gave teams the opportunity to raise massive amounts of funds almost instantaneously and this was both good and bad for investors,...

EOS coin: A delegated proof of stake coin for creating Dapps on its blockchain network

30 Oct 2019 5 minute read 2 comments quintomudigo

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

Will Ethereum’s impending switch to Proof of Stake have a good effect on the cryptocurrency industry?

30 Oct 2019 2 minute read 5 comments starke_kunst

Not long ago, Binance published another report with a trend analysis of the crypto industry. The exchange experts agreed that the upcoming switch of Ethereum to Proof-of-Stake would seriously affect all other cryptocurrencies. Analysts also reviewed...

Thundercore coin: A proof of stake coin for game developers rewarding users for leasing their coins to secure thundercore network

24 Oct 2019 5 minute read 0 comments quintomudigo

  Thundercore coin is a native cryptocurrency of the thundercore blockchain platform  created on the Thundercore blockchain network platform and is compatible to ethereum virtual machine and whose transaction takes place from one peer to another wit...

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...

IOTEX coin: A delegated proof of stake coin for the internet of trusted things devices

16 Oct 2019 5 minute read 0 comments quintomudigo

                IOTEX coin is a native cryptocurrency of the IOTEX blockchain platform which was issued on the Ethereum blockchain network but later on the swapping of its coin started to take place in 2019 at ratio 1:1 on its mainet IOTEX network...