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.


How to Stake Komodo on Atomic Wallet!

28 Jun 2020 2 minute read 8 comments SamBTC

I recently wrote a post on how was my initial experience staking different coins on Atomic Wallet. In case you missed the article you can find it here - https://www.publish0x.com/crypto-projects-sams-reviews/my-first-week-of-staking-crypto-xdrdgml On...

An introduction to Tezos

10 Feb 2020 23 minute read 8 comments Allen Walters

Tezos main net has been up and running since the summer of 2018 without any major issues. In this period, Tezos' unique on-chain governance model, has since done what it was designed to do and took Tezos though multiple upgrade cycles, improving and...

How To Earn More Staking Rewards - Simple Trading Strategy

5 Jul 2020 1 minute read 0 comments TrixTrade

  Hey Crypto Passionate  I was always fascinated by the fact that we can really earn a passive income with cryptocurrency staking. However, staking crypto has pros and cons. Pros: it's a great way to make money when you sleep. Cons: You need a bag of...

Ultimate Proof-of-Work vs. Proof-of-Stake Discussion with Crypto Ramble

30 Apr 2020 1 minute read 0 comments TheDesertLynx

I had the great pleasure last year of having a comprehensive discussion on the main cryptocurrency anti-sybil mechanisms, proof-of-work and proof-of-stake, and their various drawbacks and advantage. We cover the difference between the two and the di...

Staking Crypto – Strategy to make Millions!

13 Jun 2020 3 minute read 19 comments SamBTC

If you have read my previous posts you would have found a common theme that is I am a hardcore Bitcoin maximalist. I firmly believe BTC is the king of crypto and will continue to be the leader for decades to come. I had however been looking for some...

Is Cardano (ADA) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

9 Dec 2019 6 minute read 13 comments CryptoBoomer

A lot of cryptocurrency projects have emerged since Ethereum showed the world that a blockchain network could be used for much more than payments. If Bitcoin was the king of cryptocurrencies, Ethereum and the countless altcoins that followed were the...

Get Ready! Ethereum 2.0 is Coming!

16 Jun 2020 2 minute read 0 comments PhoenixDev

Although it has already been delayed for some time, the release of Ethereum 2.0 may be near. Although initially projected for January 2020, error and vulnerability detection and correction is taking a long time. But on June 10, the company Prismatic...

AltBet: A Gambling Proof-of-Stake Cryptocurrency with Passive Income Opportunities

5 Jul 2020 7 minute read 0 comments Wantandable

What's the first thing you should do when you have a lucky day at the casino? The answer is NOT to "let it ride!" and gamble away all your new money. It's to walk away. And with Altbet the answer is to get your ABET off of the gambling platform and i...

Top 5 Crypto Staking Pools In 2020

11 Jun 2020 4 minute read 21 comments Absolute Unit

Staking has quickly become one of the most sought after features in most coins out there, as evidenced by ETH's massive increase in staking eligible wallets with their announcement of ETH 2.0. As long as the price of the coin remains fairly stable, s...

FLASHX COIN (FSXC) - Own Blockchain Proof of Stake "POS"

28 Jun 2020 1 minute read 0 comments FreedomBuilder

🎁 Reward: Receive up 1000 FSXC ≈ $10 & 500 FSXC for each referral. ✅ Start FLASHX COIN Airdrop Bot. 🔑 Tasks:📌 Start Telegram Airdrop Bot.📌 Join their Telegram Group & Channel.📌 Follow Their Twitter, Like & retweet the pinned post and tag 3 friends.📌...