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.


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...

POOL-X: The Best PoS Mining Pool Yet

12 Jan 2020 8 minute read 4 comments CryptoSorted

Pool-X is the Next Generation POS Mining Pool supporting lockup crypto transactions, launched by the KuCoin Exchange in August 2019. In recent times, we have seen a great increase in the number and popularity of mining pools and innovative staking pr...

Terra Credit - A Global Payment Solution Ecosystem

27 Jul 2020 2 minute read 0 comments Forexandcryptoauditor

Everyone now knows cryptocurrencies and their use. The main advantages are faster and secure payments. Still, these cryptocurrencies are not reached to many people and thus have limited access. Thus it needs global attention and wide reach so that mo...

A Complete Guide to Leased Proof-of-Stake (LPoS)

24 Jul 2020 4 minute read 4 comments Chriss

A consensus algorithm is one of the significant pillars of blockchain technology. Proof-of-Work (PoW), developed by Satoshi Nakamoto in 2008, was the first consensus mechanism. In essence, nodes compete against each other to validate a transaction on...

ETH AT FINAL RESISTANCES BEFORE THE MOON! (Full Price Analysis)

23 Jul 2020 1 minute read 2 comments Tikyi Khant

This morning ,I received an alarm of ETH pumping up 20$ from tradingview alerts.So I decided to check my ETH idea which I published on July 13th, https://www.tradingview.com/chart/ETHUSDT/0w8JpFua-ETH-USDT/ This is the same 3D chart after today bre...

ConsenSys Report: 78% of ETH Supply in Wallets Valid for Staking, Security Changes Recommended

20 Jul 2020 1 minute read 2 comments Abhi K

Blockchain software development company ConsenSys published its latest edition of the Ethereum 2.0 Economics review on July 16, a report which examines the state of the Ethereum (ETH) network as it prepares for the Ethereum 2.0 upgrade. It was author...

Proof-of-Stake: Crypto Staking Vs. Crypto Minting

18 Jul 2020 4 minute read 1 comment Chriss

Since its inception in 2011, Proof-of-Stake is quickly becoming the preferred consensus mechanism for blockchains. As a formerly unproven and untested way to verify transactions, PoS provides new ways for crypto holders to increase their holdings for...

DO or DIE for EOS.

18 Jul 2020 1 minute read 0 comments Tikyi Khant

Not gonna lie that I don't know much about EOS  except from the fact that it is ETH competitor.Last time I heard big thing  about EOS  was Voice.com  annoucement in 2019.Then it finally launched Beta on July 4,2020 after some months delay.Price has b...

Matic Network - Mainnet, Staking & Technicals Point Towards Price Surge!

15 Jul 2020 2 minute read 1 comment Sapphire

Life After The Dump I was not part of the initial Matic pump that took place towards the end of 2019 but saw my chance in December when the dump of all dumps took place. In a matter of weeks Matic dumped from approximately $0.042 to $0.012 in the mat...

Next Generation of Cryptocurrency

13 Jul 2020 1 minute read 0 comments Jandmade

The NXT coin has had a growth of + 184300% since the launch of its ICO. (Yes, you read correctly. This is not an error: + 184300%) https://icostats.com/roi-since-ico NXT is the first blockchain 2.0, published and written in Java from scratch (which f...