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

Proof of Stake (PoS)

123 Articles 4 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. 

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.


Harmony (ONE) - Good To Invest?

2 days ago 2 minute read paragism

Cover Image Source – Digitally modified by the author What is harmony?Harmony is an open infrastructure of future for 10B people. Its revolutionary open infrastructure provides high performance, low latency and low fee platform to power decentralized...

I Read The Cardano Whitepaper(s). This Is What I Learned.

5 days ago 5 minute read SkinnerCrypto

I hear LOTS of people talk about Cardano. Surprisingly, I haven't even touched anything related to it until today and I'm guessing that's because there's like, a GAJILLION different cryptos out there now. Sue me. I have a short attention span. It's f...

Will ProgPoW Lead To Ethereum Fork in July 2020? [EXPLAINED]

7 hours ago 3 minute read Brawnd0

So I decided to follow up on Ethereum’s development progress after the recent news that there were plans to bridge XRP and Ethereum. It’s hard to keep up with all that is happening in the crypto space and it’s been a while since I took a proper look...

An introduction to Tezos

2 weeks ago 17 minute read Allen Walters

Tezos main net has been up and running since the summer of 2018 without any major issues. In this period, Tezos' unique on-chain governance model, has since done what it was designed to do and took Tezos though multiple upgrade cycles, improving and...

Staked Joins as a Supernode to Support Staking on V SYSTEMS

10 Jan 2020 1 minute read v.systems

January 9 - With more than 95 million of VSYS coins leased for staking, Staked has officially become one of the supernodes on the V SYSTEMS mainnet today. Backed by two of the biggest blockchain investment firms Coinbase and Pantera, Staked is a well...

How to stake your TrezarCoin (and withdraw from coinkit/graviex)

3 weeks ago 2 minute read lucasc

TrezarCoin is a hybrid proof-of-work / proof-of-stake cryptocurrency. Like Bitcoin, you can mine TZC (TrezarCoin), earning coin with your computation power. You can also stake it in your wallet, which is a much lighter task than mining and yields you...

TerraceX.com-->>Terrabit.io | Earn CREDIT by mining based on POS algorithm (100% profit per year)

21 Jan 2020 2 minute read Crypto_MD

"Update: Our upgrades have completed, welcome to the new home and new name of TerraceX to ........ Terrabit. The Terrabit name change is part of a holistic rearrangement of Terra's Asset's. We will bring more news and logo reveal before the end of th...

Tezos XTZ Soars and What You Need To Know?

1 week ago 3 minute read 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...

POOL-X: The Best PoS Mining Pool Yet

12 Jan 2020 8 minute read CryptoSorted

Pool-X is the Next Generation POS Mining Pool supporting lockup crypto transactions, launched by the KuCoin Exchange in August 2019. In recent times, we have seen a great increase in the number and popularity of mining pools and innovative staking pr...

Navcoin: A proof of stake coin for creating and issuing other tokens on its platform

18 Oct 2019 4 minute read quintomudigo

    Navcoin is a native cryptocurrency of the Navcoin blockchain platform  created on the Navcoin blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to b...