Proof of Stake (PoS) - News, Opinion & and Analysis

Proof of Stake (PoS)

221 Articles 8 Followers

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.ย 

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.ย 

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.ย 

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.


How to Stake Komodo on Atomic Wallet!

28 Jun 2020 2 minute read 8 comments SamBTC

I recently wrote a post on how was my initial experience staking different coins on Atomic Wallet. In case you missed the article you can find it here - https://www.publish0x.com/crypto-projects-sams-reviews/my-first-week-of-staking-crypto-xdrdgml On...

Earn Passive Income From Staking Crypto

24 Jun 2020 4 minute read 10 comments cryptoforcanadians

I recently wrote a post on the different ways that you can earn interest on your crypto. In that post, I briefly mentioned "staking" and how it's another option to earn crypto on crypto but how it's slightly different from lending it out to earn inte...

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...

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,...

FLASHX COIN (FSXC) - Own Blockchain Proof of Stake "POS"

28 Jun 2020 1 minute read 0 comments FreedomBuilder

๐ŸŽ Reward: Receive up 1000 FSXC โ‰ˆ $10 & 500 FSXC for each referral. โœ… Start FLASHX COIN Airdrop Bot. ๐Ÿ”‘ Tasks:๐Ÿ“Œ Start Telegram Airdrop Bot.๐Ÿ“Œ Join their Telegram Group & Channel.๐Ÿ“Œ Follow Their Twitter, Like & retweet the pinned post and tag 3 friends.๐Ÿ“Œ...

Bullish news for Ethereum 2.0

27 Jun 2020 1 minute read 0 comments Vms_Crypto

The long awaited testnet for Ethereum 2.0 named Altona is scheduled to release on Monday June 29. The Testnet is basically 'ready to go' and was initially set to go live on June 25 and is only being slightly delayed to ensure all the developers are r...

Full Guide to Leased Proof-of-Stake Coin Understand how it works

1 hour ago 3 minute read 0 comments Shadow Crypto

Full Guide to Leased Proof-of-Stake ย  Join LBRY and EARN 1$ just to signup, you can sell it on Bittrex:ย https://lbry.tv/$/invite/@shadowcrypto:2 ย  Full Guide to Leased Proof-of-Stake Coin Understand how it works A consensus algorithm is one among th...

Top 5 Crypto Staking Pools In 2020

11 Jun 2020 4 minute read 21 comments Absolute Unit

Staking has quickly become one of the most sought after features in most coins out there, as evidenced by ETH's massive increase in staking eligible wallets with their announcement of ETH 2.0. As long as the price of the coin remains fairly stable, s...

Matic Network promises 120% profit staking

30 Jun 2020 1 minute read 0 comments InsanisFox

Blockchain startup Matic Network has announced the launch of the first tranche of its ambitious staking program, which includes huge returns for external crypto network validators. Quick reference: Matic is an already working decentralized applicatio...

My Experience with Atomic Wallet, the Bad One!

20 Jun 2020 2 minute read 8 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...