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.


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...

Upcoming PoS Variations - How They Improve Your Staking Experience

12 Jul 2020 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...

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...

Top 3 Coins For Long Term Holding & Long Term Profits

13 Jul 2020 3 minute read 0 comments Ede

I see so many 'Top Coins For July' and 'Top Coins for 2020/2021' posts and videos that I wanted to do my version. However, I prefer holding my coins a really long time, not just for a month, while profiting at the same and earning some interest in th...

Next Generation of Cryptocurrency

13 Jul 2020 1 minute read 0 comments Jandmade

The NXT coin has had a growth of + 184300% since the launch of its ICO. (Yes, you read correctly. This is not an error: + 184300%) https://icostats.com/roi-since-ico NXT is the first blockchain 2.0, published and written in Java from scratch (which f...

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...

Matic Network - Mainnet, Staking & Technicals Point Towards Price Surge!

1 hour ago 2 minute read 1 comment Sapphire

Life After The Dump I was not part of the initial Matic pump that took place towards the end of 2019 but saw my chance in December when the dump of all dumps took place. In a matter of weeks Matic dumped from approximately $0.042 to $0.012 in the mat...

Earn Passive Income From Staking Crypto

24 Jun 2020 4 minute read 10 comments cryptoforcanadians

I recently wrote a post on the different ways that you can earn interest on your crypto. In that post, I briefly mentioned "staking" and how it's another option to earn crypto on crypto but how it's slightly different from lending it out to earn inte...

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!,...

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...