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.


(CTSI) Cartesi delivering scaling power to dapps

30 Aug 2020 1 minute read 0 comments Andann427

(CTSI) is an operating system to help mainstream the scalability of dapps. It allows programs to operate off of the blockchain while maintaining decentralization. This greatly assists in bloated backlogged chains and greatly improves scalability. Dap...

Rainbow Validator (July)| IRISnet Validator Rewards Program

27 Aug 2020 2 minute read 0 comments Cosmos Network Family and Friends

IRIS Foundation launched Validator Rewards Program, which aims to support and reward validators, further boosting the participation of newly-joined validators, encouraging active community outreach by validators, and incentivizing active engagement i...

What are the phases of Ethereum 2.0?

26 Aug 2020 4 minute read 2 comments Simplify Crypto

As we talked about in the last article, Ethereum, the second largest crypto, is preparing for a major change. The last step in making the largest general purpose blockchain capable of delivering on the original vision. Ethereum was created to be a “g...

Announcement of the Adjustment of NerveNetwork Staking Parameters

25 Aug 2020 1 minute read 0 comments NULS

Hello NerveNetwork community members, Since the launch of the NerveNetwork main-net nodes and staking function, it has seen active participation by community members. As of August 25, 2020, 33,463,445 NVT, 13,494,553 NULS and 1,540 ETH have already b...

How Algorand Enhances The Performance Of Decentralized Finance?

24 Aug 2020 4 minute read 0 comments xqanxxx

Algorand is a trustworthy Boston based open-source Software Company specialized in the successful efforts towards building a borderless economy. This company has developed the pure proof of stake protocol with permissionless nature and open participa...

Proof of Stake - the future of Ethereum

24 Aug 2020 4 minute read 0 comments Simplify Crypto

Ethereum, the second largest cryptographic company in the world, celebrated 5 years since the launch of its network on the 30th of July. You are now preparing for a very important change in the way it works. Change the consensus algorithm from Proof-...

ETHEREUM 2.0

15 Aug 2020 1 minute read 2 comments cLEarn

Ethereum 2.0 (“Serenity”) is an upgrade to the Ethereum Network which improves the speed, efficiency, and scalability of the network. Ethereum core development team is working on a big upgrade, which is known as Ethereum 2.0. It involves re-create th...

Track your favorite staking pool with Adapools Telegram bot

15 Aug 2020 1 minute read 0 comments Cryptotexty

If you are active in the Cardano ecosystem, you probably know and use Adapools.org We use it actively to check what stake, pledge, and fees pools have. As Cardano grows, as more blocks are produced by SPOs, Adapools and similar sites will become more...

MakCoin Network Giveaway Event - IEO at Vindax Exchange.

13 Aug 2020 1 minute read 0 comments FreedomBuilder

  🔶 MakCoin Network Already listed at CoinMarketCap. 📈 MAK Token Exchange listing on Vindax. 🎁 Total Reward: Receive up to 700 MAK ≈ $7 and 100 MAK per referral for easy social Tasks. (Follow only on Telegram & Twitter) 💎 Start MakCoin Airdrop Bot. 🔴...

6 Most Promising Proof-Of-Stake Projects in 2020 for Staking

13 Aug 2020 4 minute read 6 comments Chriss

Blockchain developers just can't get enough of the Proof-of-Stake protocol. They are implementing it on new and upgraded blockchain ecosystems for its numerous advantages, such as scalability, interoperability, and smart contract capabilities. As a c...