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.


Energi coin: A proof of stake coin enabling developers to build their Dapps on their network using solidity language

2 Oct 2019 5 minute read 0 comments quintomudigo

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

Tomochain coin: A proof of stake coin for creating and issuing other tokens as well as creating Dapps on its blockchain

27 Sep 2019 5 minute read 0 comments quintomudigo

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

Nuls coin: A proof of credit coin that allows developers to create Dapps on its platform

25 Sep 2019 5 minute read 0 comments quintomudigo

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

Justin sun announce new update for pos of tron

22 Sep 2019 1 minute read 1 comment CryptoArgha

Blockchain ecosystem and dapp platform tron founder announced new plan for trons proof of stake Proof of stake (pos) is a way to work in the blockchain by staking cryptocurrency and contributing to power up the blockchain and in return earn cryptocur...

Proof of Stake: scam or no scam

17 Sep 2019 4 minute read 19 comments viraladmin

In yesterdays article 10 simple rules of avoiding cryptocurrency scams I had two comments, one from @beachbummer and one from @yanika, that both suggested Proof of Stake coins should be the exception to my rule "Never trust the words passive earnings...

September 2019

3 Sep 2019 15 minute read 0 comments SpectreCoin

Welcome to the September 2019 Spectrecoin newsletter, the first after a long summer break. There are some exciting development updates and a sneak peak into what we are working on. The team as always, works to improve the security of the wallet as we...

What is Elrond network?

1 Sep 2019 5 minute read 0 comments Crypto Beeporter!

Elrond is a scalable value transfer protocol for the digital economy and the first dApp to run on a truly state sharded architecture with Aiming 10k tx/sec, minimal latency and negligible fees. A Highly Scalable Public Blockchain via Adaptive State...

Four coins with a modified proof-of-stake consensus

31 Aug 2019 2 minute read 0 comments tsakf

There are many different blockchain consensus for cryptocurrency. One of the widely known and used, is the proof-of-stake consensus. Human creativity is always here, and some coins, modified the proof of stake consensus, to fit their needs better. We...

Earn money without doing anything

21 Aug 2019 1 minute read 0 comments beachbummer

The concept of passive income has always been appealing to many people. Who doesn't want to earn an extra buck by doing nothing? Well, to get there you will still need to do something first, which is to obtain an asset that generates passive income f...

The Most Important Development You Never Knew

14 Aug 2019 5 minute read 28 comments viraladmin

Most people in the cryptocurrency industry have heard of the consensus mechanisms called Proof of Work (PoW) and Proof of Stake (PoS). Today I want to introduce you to a lesser known proofing mechanism and why this mechanism is so important. Proof of...