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.


Nuls: Staking

1 week ago 1 minute read 0 comments Nuls

#StakingOur award-winning Proof of Credit consensus mechanism secures the NULS network by combining Delegated Proof of Stake with an added credit rating feature. Operate a NULS masternode or stake into a node to start earning NULS in minutes. #How to...

A guide about: Proof of work, Proof of stake and others explained!

3 weeks ago 6 minute read 6 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...

Proof of Work vs Proof of Stake vs Proof of Importance - Blockchain

4 weeks ago 3 minute read 0 comments Gopherine

Cryptocurrencies are based on the decentralized database based upon consensus mechanism or in other words distributed ledger. Any data stored in this network are immutable(cannot be changed or deleted) as it is stored in different locations, without...

A Mixed Cocktail of Blockchain Consensus Rewards

4 weeks ago 8 minute read 10 comments BlockchainAuthor

Have Your Stake & Mine It Too This article originally appeared on The Capital and yes, in case you were wondering, I gave myself permission to repost it here. :-) Today we’ll examine critical strengths and weaknesses of the blockchain industry’s mos...

HEX, the Staker's Training Wheels for Dumb ****s

4 weeks ago 1 minute read 0 comments The0xFactor

   Have you ever watched a Youtube video from the founder of HEX, Richard Heart? If you have you likely are aware that all the HEX token holders/stakers are dumb shits, at least, according to Richard Heart they are... The man loves calling his audien...

PRiZM Proof of Stake

28 Feb 2020 4 minute read 0 comments PRiZM on PublishOx

In the traditional "Proof of Work" model used by themajority of cryptocurrencies, network security isensured by participants performing "work". They usetheir resources (calculation/processing time) toreconcile transactions with double costs and in or...

Vitalik Buterin on Ethereum 2.00

25 Feb 2020 1 minute read 1 comment simpatico.crypto

I'm Bullish On Buterin Good piece here from Coindesk, live and direct from from the man himself. For the life of me I couldn't embed the source video, so I gave up eventually. The link below opens to the page. Life's too short!   Vitalik Signs I'd l...

Best POS and Interest Site

17 Feb 2020 1 minute read 0 comments ionutzu97

Hello everyone! Today I will present one of the best poses that I use. This is Stakecube. Currently, 48 cryptocurrencies are listed on this site, but one is added each month. ABET,AEM,APR,ASAFE,BITB,BITG,BLOCK,BTC,COLX,DAPS,DASH,DC,DEV,DGB,DOGE,ESBC...

Tezos XTZ Soars and What You Need To Know?

15 Feb 2020 3 minute read 2 comments TiddyBit

First we already know the market is reacting to this. People like you and I got in early while others are catching up and others still claiming scam as they are left behind just like Bitcoin and Ethereum did its watchers.... This is great right?   We...

Tezos (XTZ) to take on Ethereum (ETH) as number two Crypto?

15 Feb 2020 2 minute read 2 comments TiddyBit

Opinion: In recent days Tezos (XTZ) has taken many in the crypto world unexpectedly. With several gains and over shadowing many other coins it has many in the crypto world saying things from "SCAM COIN" to people trying to predict its demise. What is...