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

Proof of Stake (PoS)

242 Articles 10 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.


Tezos XTZ Soars and What You Need To Know?

15 Feb 2020 3 minute read 2 comments TiddyBit

First we already know the market is reacting to this. People like you and I got in early while others are catching up and others still claiming scam as they are left behind just like Bitcoin and Ethereum did its watchers.... This is great right?   We...

Tezos (XTZ) to take on Ethereum (ETH) as number two Crypto?

15 Feb 2020 2 minute read 2 comments TiddyBit

Opinion: In recent days Tezos (XTZ) has taken many in the crypto world unexpectedly. With several gains and over shadowing many other coins it has many in the crypto world saying things from "SCAM COIN" to people trying to predict its demise. What is...

Proof-of-Stake Coins Rewards Explained - Passive Income?

7 Feb 2020 2 minute read 4 comments cryptowc

What is Proof-of-Stake (PoS)? As Investopedia defines, “Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a mine...

Binance Soft Staking: how to easily earn from PoS

6 Feb 2020 4 minute read 12 comments Cryptomar

In my previous article "Staking: what it is and how to increase our profits with PoS coins" I introduced the topic of Proof of Stakes cryptocurrencies and how it is possible to earn through the staking of these currencies in a simple way, without nec...

I Successfully Stake Tron TRX Tokens. Here's How To Do It.

5 Feb 2020 6 minute read 7 comments SkinnerCrypto

Ah, Tron Staking. I love it so much. It's a great way for basically anybody off the street to put a little skin in the crypto game and see some rewards in a day. I personally think it is a great motivator to wake up in the morning and see that your w...

Top 3 Bullish Facts about Ethereum (ETH) for 2020 and Beyond

4 Feb 2020 5 minute read 17 comments CryptoSorted

If you’re bullish on ETH then this is a time to be more bullish as ETH will be smashing new ATHs in 2020 and the rest of the decade. Ethereum has made more impact on the cryptocurrency space (in terms of contribution to the overall development of the...

UPDATES - Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

4 Feb 2020 1 minute read 1 comment Crypto_MD

Hi to all! I don't see neccessary to copy/paste previous post (just read about Terrabit.io here) 1. They have online support 24/7 (you can send chat transcript to your email address). 2. Time of Transfer: - from the primary wallet to MiniPOS walle...

I exchanged my BAT for XTZ last week, here's why.

3 Feb 2020 1 minute read 2 comments CryptoChopATL

I will begin by saying I am new to crypto (within the last 6 months) so do not take this as financial advice.  I was just holding a large amount of BAT waiting for a jump, and then I heard about XTZ last week and began my research on it.  The charts...

Best proof of stake coins to stake for massive profits.

31 Jan 2020 2 minute read 10 comments MadMaxx

Proof of stake is one of the best ways to get free money just by owning a coin. I personally stake Tezos in the Trust wallet, but there are other coins you can stake to get a profit  Staking is simply the "donating" of your coins for the development...

Tezos: a selection of exiting additions to look forward to in 2020.

27 Jan 2020 1 minute read 5 comments Allen Walters

LPoS staking rewards and the billions of $value of STO's that are announced to be launched on Tezos are things that get a lot of attention of people that speak and write about Tezos. But there is a lot more to be exited about when speaking of Tezos....