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.

Exaion EDF Group will become a corporate baker in the Tezos LPoS ecosystem and wants to develop a whole ecosystem of "smart" applications on Tezos

23 Oct 2020 2 minute read 2 comments Allen Walters

Exaion EDF Group is a subsidiary of EDF, the second largest electric utility company in Europe with a yearly revenue of $ 70 billion, over 152,000 employees and partly owned by the French state. Exaion EDF Group specializes in high performance comput...

Rebuffing the popular stereotype: Why Proof of Stake (POS) coins could rule the crypto space.

19 Oct 2020 5 minute read 9 comments Dzoelx

Newest blockchain technology and cryptocurrency projects have developed a number of consensus algorithms different from the earliest Proof of Work algorithm and the Proof of stake algorithm too. Proof of concept, Proof of Knowledge; Proof of solution...

Established Projects That Are Currently More Than 90% From ATH Levels!

16 Oct 2020 2 minute read 8 comments Sapphire

A Good Place To Seek Out Potential Investment Opportunities If you have been in the Crypto space a while, you will probably understand the dynamic of getting into new movements and growth sectors early on before the explosion hits. This is a dynamic...

Sword Group will become a corporate baker in the Tezos LPoS ecosystem.

16 Oct 2020 3 minute read 3 comments Allen Walters

The Sword Group is a French, international, software, consulting and services company, created in 2000 and present in 19 countries. Three months ago I wrote about Sword Group and their new standard for timestamping and electronic signatures that they...

Utopia : a decentralized P2P platform

14 Oct 2020 2 minute read 0 comments widecast

Utopia Utopia is decentralized P2P platform developed by an anonymous group known as 1984. The motivation behind the development is complete security and anonymity for all. The platform consists of the Utopia client (program), available for downloa...

Cryptocurrencies: From Bitcoin to the Algorand Protocol and the Peer-to-Peer Basics 🖥️🔛🖥️

12 Oct 2020 12 minute read 10 comments renangeographia

      Before we deepen our discussion around the Algorand Protocol, we need to understand how Bitcoin came about, which brought this use of cryptography to the field of finance and the monetary system. It is also important to understand what the no...

5 questions about Kira Network you should know

11 Oct 2020 5 minute read 0 comments CryptoN0ob

Kira is the first decentralized network that enables market access to any digital asset in the interchain ecosystem. Presentation ! 01. What is Kira Network ? KIRA is a decentralized network designed to secure and power DeFi applications. This netwo...

MyCointainer POWER Percent - Everything you must know

8 Oct 2020 4 minute read 2 comments Chriss

The following article was created to provide more details about growth plan of MyCointainer company as a whole - specifically in the context of MyCointainer POWER Percent.   What do you get when buying MyCointainer POWER Percent? MyCointainer POWER P...

DeFi on Tezos: earn through DeFi, while continuing to earn stakingrewards. Have your cake and eat it too

7 Oct 2020 2 minute read 7 comments Allen Walters

Last week, the first DEX (Decentralized Exchange) that is build on Tezos, was launched. More info about DEXter here.  Liquidity poolsAs on any DEX, there are liquidity pools needed to provide the necessary liquidity. If people want to sell or buy, th...

Powered up 1000 Hive today on Hive Power up day

1 Oct 2020 2 minute read 3 comments Bala

Today is the Hive Power Up day. Every first of the month is called Hive power-up day. I have been waiting for this day for the past few weeks, to be honest. The main reason is that I was holding so much of liquid funds in hand. I somehow accumulated...