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.


What is Staking?

27 May 2020 2 minute read 0 comments CryptoJamm

Staking and PoS Staking is the process of using cryptocurrency as a way of supporting the network of which it is native to. It is widely used on networks that adopt the Proof of Stake (PoS) consensus mechanism or one of its variants. And as...

Tron staking using TronWallet

27 May 2020 1 minute read 0 comments yanis

In this tutorial, you'll learn how to stake tron using tronwallet (mobile) to earn staking rewards.   Why staking tron (user side) ? When you stake tron, you earn money without spending one cent (just locking).   What does it give to the Tron Network...

More than 9 mln XTZ is in the staking balance with Deactivated Tezos bakers.

24 May 2020 1 minute read 1 comment Baking Bad

In Tezos there are cases when the validation node becomes "inactive" or "Deactivated" in the blockchain. It happens because the baker has changed the infrastructure with the baking address, or just decided to stop baking service. All people who deleg...

What is staking? How to earn by staking?

24 May 2020 2 minute read 0 comments tornadooo

Staking is a method of earning money by keeping crypto coins in your wallet for a certain period of time. It can be thought of as earning interest on bank deposits. However, unlike interest, it does not contain negative interest and you do not pay a...

Algorand Beats Them All 🌟

24 May 2020 1 minute read 2 comments valuevision

Algorand advantages   PPoS (Pure Proof of Stake Technology) 1.000 TPS 5 seconds to settle nearly zero transaction fee immediate transaction finality   If you start staking, you don't need to delegate your stake. Get rewards simply by holding a bala...

Ethereum events in 2020

24 May 2020 1 minute read 0 comments Blockchain Times

Being second largest cryptocurrency by market-cap the native currency of ethereum network ETH is the most popular crypto after BTC. 2019 was a disappointing year for Eth as for any other crypto project.In this blog I will cover the events of ethereum...

Understanding Ethereum 2.0: Where are we on the timeline?

24 May 2020 2 minute read 1 comment Cryptohem

Ethereum 2.0 is one of the project which has been working since 2017.A vision of Ethereum in making a real supercomputer. And is one of the most long awaited scaling solution that will take the blockchain to proof of stake(POS) model. It was schedule...

Top 5 Crypto Staking providers

23 May 2020 1 minute read 0 comments Blockchain Times

There is a famous quote that states "Don't work for money , make money work for you" Staking just prove it right and works on the mechanim of proof-of-stake. Proof-of-stake is the type of consensus alogrithim by which a blockchain network aims to ac...

What are Proof-of-Work (PoW) and Proof-of-Stake (PoS) in Cryptocurrencies?

21 May 2020 5 minute read 1 comment Chriss

The three words you will definitely come across as soon as you start learning about cryptocurrencies are Distributed Ledgers, Blockchain, and Consensus Algorithms. The good thing is that these vocally confusing words refer to concepts that will...

Top 5 most reliable cryptocurrencies PoS to place on staking.

20 May 2020 3 minute read 3 comments Papiloskibtc

Everyone will have their preferences when selecting a cryptocurrency or wallet, but it is a fact that PoS have many technical and above all, economic benefits for their holders. These cryptocurrencies offer two options: run a masternode or go to the...