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.

ETH, the booty call

10 Sep 2020 3 minute read 4 comments Spitkitten

Ugh. It's been a bit of time since my last post, where I bemoaned my flagging relationship with Ethereum,  got some great responses -- my fave being from @stackingcats, re: keeping ETH as a booty call. It's not only funny -- it's wise. And here's why...

What is Delegated Proof of Stake?

7 Sep 2020 2 minute read 0 comments CryptoSpyder

Proof of stake is a term that is well known for most crypto enthusiasts, but it's far from widely understood. With all the questions around Etherium gas prices and transactions, it's important to understand what delegated proof of stake reall...

How i earned 0.27$ from staking my coins on August

2 Sep 2020 1 minute read 2 comments ionutzu97

Welcome to the monthly review of My Staking Portfolio, it's my third post where I provide an update of the interests I got, the services I used and the transactions I did. This post tracks what happened in August. I hope i can help some of you with t...

RAMP DEFI Partners with NULS and NerveNetwork For Stake Farming and Liquid Staking

2 Sep 2020 4 minute read 1 comment NULS

RAMP DEFI is excited to announce our partnership with NULS and NerveNetwork to deliver liquid staking and stake farming for NULS token holders. NULS is an open-source, enterprise-grade, adaptive blockchain platform that offers fast-track business sol...

Stake & bake: getting more crypto

1 Sep 2020 2 minute read 6 comments Spitkitten

I'm staking Tezos. It's cool. My Tezos are magically making more Tezos. In my Trust Wallet (along with a buncha other wallets and exchanges, likewise), I don't even have to do anything except designate my # of Tezos, hit "stake" and then, sit back an...

Today is Hive Power Up day

1 Sep 2020 1 minute read 0 comments Bala

Every first of the month is called Hive Power Up day. That is the day when collectively many people power up Hive to their account. Last month I missed the opportunity to power up Hive on the Hive Power up day. Today I remembered to power up some liq...

(CTSI) Cartesi delivering scaling power to dapps

30 Aug 2020 1 minute read 0 comments Andann427

(CTSI) is an operating system to help mainstream the scalability of dapps. It allows programs to operate off of the blockchain while maintaining decentralization. This greatly assists in bloated backlogged chains and greatly improves scalability. Dap...

Rainbow Validator (July)| IRISnet Validator Rewards Program

27 Aug 2020 2 minute read 0 comments Cosmos Network Family and Friends

IRIS Foundation launched Validator Rewards Program, which aims to support and reward validators, further boosting the participation of newly-joined validators, encouraging active community outreach by validators, and incentivizing active engagement i...

What are the phases of Ethereum 2.0?

26 Aug 2020 4 minute read 2 comments Simplify Crypto

As we talked about in the last article, Ethereum, the second largest crypto, is preparing for a major change. The last step in making the largest general purpose blockchain capable of delivering on the original vision. Ethereum was created to be a “g...

Announcement of the Adjustment of NerveNetwork Staking Parameters

25 Aug 2020 1 minute read 0 comments NULS

Hello NerveNetwork community members, Since the launch of the NerveNetwork main-net nodes and staking function, it has seen active participation by community members. As of August 25, 2020, 33,463,445 NVT, 13,494,553 NULS and 1,540 ETH have already b...