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.


Be Your Own Bank; Run A Masternode!

17 Apr 2020 4 minute read 1 comment binici

Are you wondering what it takes to become your own bank and how to feel empowered financially? Then this guide is for you! We’ll cover the keys to understanding what masternodes are and how to leverage them in order to keep the blockchain network eff...

Level up your Staking and Mastenode Experience with MyCointainer!

17 Apr 2020 3 minute read 3 comments anncrypto

  Forget about mining your favorite cryptocurrencies, why bother investing thousands of dollars over an equipment and spending too much on electricity when there are much cheaper alternatives that do quite the same? The Proof of Stake (PoS) to be exa...

Staking MHC on Cex.io - 20% yearly earnings

15 Apr 2020 3 minute read 2 comments Call me Steven

Yup, you read it right, I wrote exactly what I meant to write. Trust me, I thought it sounded insane (or at the very least a bit far-fetched) when I read it at first too. But it turns out, it isn't. It's totally and completely legit. Enough foreplay,...

Bitcoin moving to proof of stake?

14 Apr 2020 1 minute read 1 comment Nielsb

Bitcoin has been rumored to move to proof of stake, so why is that? Recently ethereum which is probably the most known cryptocurrency besides bitcoin has moved to PoS algorithm, and Niklas Nikolajsen (Founder of  Bitcoin Suisse, also predicts that af...

Today In Crypto - April 14 Edition

14 Apr 2020 2 minute read 0 comments Sapphire

Mati Greenspan Says BTC Halving Will Be Nothing Like BCH And BSV! Mati Greenspan recently tweeted regarding his views of the upcoming BTC halving. Greenspan sees the BTC halving as a completely unique event and that it should in no way be compared to...

Algorand is a Byzantine Agreement Protocol on steroids

14 Apr 2020 5 minute read 1 comment shadowofsatoshi

When I started my route as an Algorand ambassador, at first I had a wish to ask a few questions to the leaders of this blockchain project, which claims to solve the blockchain trilemma. After a few weeks, this wish became reality and so here comes my...

An actual Cardano post

10 Apr 2020 3 minute read 7 comments Call me Steven

Okay, so I am going to be honest with you on this one. Before starting to get acquainted with Publish0x I had never heard of Cardano. I didn't know what it was, even though it is ranked number 15 by market cap. But this might be just me. Anyways, sin...

Staking Tezos for dummies

10 Apr 2020 2 minute read 6 comments Baking Bad

In Tezos community very often income newcomer questions, such as “I recently delegated and still haven't received any rewards”. It’s quite simple to start staking of purchased Tezos coins - go into the wallet, choose a delegate from the list and pres...

The Masternode Ecosystem – A Leading Innovation in Consensus Mechanisms

8 Apr 2020 4 minute read 2 comments Crypto Adventure

With the advent of Blockchain technology, came in all sorts of intricacies and technical aspects that began to be developed, debated, criticized and implemented. There isn’t a single protocol, feature or application that checks the list of any partic...

Stake : Everything you need to know about staking

8 Apr 2020 6 minute read 4 comments Creativeboy

Think of being able to mine without buying expensive hardware or doing any routine maintenance. This is about stepping cryptocurrency. So the potential way to make passive income in digital asset markets Have you heard about Stake cryptocurrency? Or...