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.


Proof-of-Work, Proof-of-Stake, Cold and Hot Staking - In a Nutshell

18 Jan 2020 2 minute read 6 comments L0S3rC0D3r

Proof-of-Work (PoW) Back in the early stages of Bitcoin. The term "mining" where refereed to the process of validation of transactions between nodes of terminals. The record of validation of transaction is something known as Blockchain. All this reco...

Best Staking (PoS) Services & Pools

9 Jan 2020 4 minute read 4 comments LiteLiger

Last time i made an extensive list of Masternode services now we are going to talk about proof of stake pools. This concept has been quite popular since inception of PoS coins and multiple services currently exist, which provide wide variety of diffe...

Introduction to Qtum Blockchain Course and Crypto Asset Investment Analysis Course (Earn $15 worth of Qtum)

15 Aug 2019 1 minute read 1 comment arcanu

I recently came across Invictus Capital a team of engineers and scientists, who embrace the rapid evolution of technology and its application to the financial sector. Invictus is the home of the first tokenized encryption index fund CRYPTO20, that ho...

Cryptocurrency upward trends. 4 massive reasons why!

10 Aug 2019 1 minute read 0 comments minehunter007

I find it funny that people rely on this information. (comment please I want to know what people think, thank you. Also there's a link to a post on here about .... so please check that out if you want to talk to me on the comment I've made there abou...

Cryptocurrency for Stake June 2019

4 Jun 2019 1 minute read 0 comments otmaro_crypto

For those people who find it hard to make cryptocurrency mining for not owning equipment, I suggest you get the following coins to make stakes of them in any of the specialized sites in them. If you want to start getting coins this site, http...

Earn Green Profits with Proof of Stake Coin BitGreen

13 May 2019 1 minute read 0 comments ArcticSun

Early in January 2019 I wrote about earning Passive & Green Income with Bitcoin Green. The coin has recently rebranded from Bitcoin Green to BitGreen (BITG) in an effort to move away from Bitcoin and the association with the high demand Proof of Work...

BTCpop tap

9 Jul 2020 1 minute read 0 comments InsanisFox

  btcpop after receiving the coins (the next morning) the withdrawal is available immediately, there is no minimum, any amount !!!!!  The best thing about btcpop.co on this site is that you can really earn cryptocurrency for free. By simply entering...

Crypto wallet airdrop stake

16 May 2020 2 minute read 0 comments Argo19

Cryptocurrency Wallet   Install the app, click on Airdrop in Settings, enter promo code and claim 15 AWC! Your Promo Code:  17X7NK   To join Airdrop: Install Atomic Wallet Download the app.and request for Airdrop. Get your promo code Verify you...

INTRODUCING eXerGlobal- THE NETWORK COMPANY (MLM)

22 Apr 2020 2 minute read 0 comments EbriDan

INTRODUCTION  eXerGlobal is a large Global fast growing business company that was founded in 2017 for investment in long term developments through private, public and professional business marketing networks. Combining all the exciting Money-making...

Atomic wallet stake and airdrop

17 Apr 2020 1 minute read 3 comments Argo19

Atomic is the first decentralized wallet launched Membership program on the base of AWC (native token). All customers holding AWC-BEP2 receive rewards for using a built-in exchange service. Since the program released, we have distributed more th...