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.


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.📌...

Cosmos Staking is for the Serious HODLer

16 Jun 2020 2 minute read 0 comments AlgoRhythm

I began my crypto journey in 2014 like many: buying Bitcoin and selling it for a decent profit at the time, only to realize I knew nothing about the reward of HODLing until watching all the lost profit of late-2017 while my BTC wallet sat at 0. After...

Max supply: an overrated quality

9 Jun 2020 3 minute read 0 comments Allen Walters

Investing in cryptocurrency means doing a good amount of research on potential projects. There are many factors to considder and some factors are more important than others. One of the factors that pops up in many discussions is, the question "does t...

Top Things You Should Know About Cardano (ADA)

15 Apr 2020 12 minute read 27 comments MuyAsk

Hey guys :) I’m back with yet another comprehensive list of questions and answers, this time for the popular and highly anticipated decentralized blockchain and smart contract platform – Cardano (ADA).  This piece lays everything out on the line so t...

My Experience with Atomic Wallet, the Bad One!

20 Jun 2020 2 minute read 9 comments Teodor

After writing my good experience with Atomic wallet, I found out about Atom (Cosmos) staking slashing from their FAQ! So, because the articles on Publish0x aren't indexed for long time, I've decided to split the article in two, the old article is abo...

Consensus Algorithms

24 Sep 2019 9 minute read 2 comments viraladmin

The following post is a list of consensus algorithms that was originally posted in Portuguese at https://livecoins.com.br/algoritmos-de-consenso/. I have full permission granted to repost the article. Some formatting changes have been made. I make no...

Peercoin: Pioneer of Proof of Stake

1 Jul 2020 1 minute read 11 comments Renan Rosa

Have you ever heard about Peercoin? We can consider Peercoin as one of those dinosaurs that exist since the most remote eras of the crypto and blockchain, as old as Bitcoin and Litecoin, we can consider it too. Besides a peer-to-peer cryptocurrency,...

Is Algorand (ALGO) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

13 Jan 2020 10 minute read 25 comments CryptoBoomer

Next-generation blockchains are all the rage at the moment. Everyone wants a little bit of Bitcoin and Ethereum’s market shares, but the former two have such a head start and made such progress that it is not going to happen without some incredibly u...

Loopring Staking [A Warning]

18 Apr 2020 2 minute read 1 comment bdk81

Dear all, Here I will post shortly about Loopring and you can read more on my previous post. Then I will explain why there is a word "Warning" in the title. My whole post will be a mix of multiple posts and current LRC price on market. Click here to...

A guide about: Consensus Algorithms in the blockchain world

26 Jun 2020 7 minute read 0 comments LiquidAttic

This post took a little more time and more research than I am used to. I myself wanted to know how different blockchain consensus algorithms work and how they were chosen. Today I want to talk about different blockchain consensus algorithms. There ar...