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.

15.6% Returns of Bibox (BIX) Staking — Actual Example and FAQ

1 Mar 2019 2 minute read 5 comments liquidsteel

Disclaimer: This is NOT financial advice and should not be taken as such. Not guaranteed to be correct or continue to be correct. Do your own research. Background BIX is a token issued by Bibox exchange. They had recently revamped their staking model...

Free Resource Calculates Crypto Staking Rewards

17 Feb 2019 1 minute read 4 comments BlockchainAuthor

Proof-of-Stake crypto projects are like savings accounts from a bygone era. Back in the day, banks used to pay north of 5% annual interest just for holding funds with them. But not anymore. You're lucky to get even 1% these days. Staking rewards, on...

Spectrecoin Newsletter (February 2019)

12 Feb 2019 6 minute read 6 comments SpectreCoin

Welcome to the Spectrecoin February 2019 newsletter and development update. Over the last month, there have been some major shifts in the exchange landscape as far as Spectrecoin is concerned. [First a note about the Cryptopia Hack] On 14/01/2019 our...

The Crypto Winter: Where Do We Go From Here?

1 Feb 2019 4 minute read 0 comments CryptoKeeper

       2018 started off with a high rush and then quickly faded to a deep, dark, pit of despair as Bitcoin rose to meteroic heights only to fall from the sky like Icarus. Since then, the year was a rocky sea of ups and downs; a market that seemed des...

Passive & Green Income with Bitcoin Green

23 Jan 2019 3 minute read 5 comments ArcticSun

The ongoing electricity cost associated with running a mining rig on Bitcoin is often criticized for its energy guzzling requirements. Mining not just for Bitcoin but all other mineable altcoins, can be an ongoing challenge especially in a volatile o...

DeFi vs Staking Rewards - Dogecoin to $1???

7 Jul 2020 1 minute read 0 comments crypto_clay

  Today we discuss the key differences of Decentralized Finance and staking rewards. Each of these investment strategies have their pros and cons. I break down what I think makes these similar and different and ultimately give my opinion on which is...

Claim Tezos Daily Through Brave! 👉🏽💎👈🏾

1 Jul 2020 1 minute read 0 comments geocrypto

Hey Tezos enthusiasts! Now you can claim daily Tezos (XTZ) through Global Hive. Check my referral link above. Before going to the link let's learn about Tezos a little bit. What is Tezos? Tezos (XTZ) is a blockchain network linked to a digital token,...

youForia Token - The NEW Proof of Stake with Multiple Use Cases (Airdrop on Twitter)

7 May 2020 1 minute read 0 comments inkfluencer.crypto

About youForia $YFR youForia Token offers a PoS program that does not require the holder to have a continuous internet connection. youForia also represent to be a decentralized token economy for marketing, competitive gaming, content creating and eSp...

Overview "Yoda X" - cryptocurrency with a strong referral system.

6 May 2020 1 minute read 0 comments liorezal

This article will talk about the Yoda X project, which is a collective mining on the "Proof-of-stake" algorithm. The "Yoda X" cryptographic currency has a token with the symbol YOD. The developers plan to use the coin not only as a means of payment,...

Crypto on a Budget The road to 1 million 2x2 coins first milestone reached!

24 Apr 2020 1 minute read 0 comments unicorngirl

Two announcements 1. Once dtube goes on the main net (may 10) this will officially be the primary channel for this content. I will still post on Youtube but as most of us know YT hates crypto  and I am sure that channel will be taken down at some poi...