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.

What's the Difference Between Staking and Yield Farming, Anyway?

22 Dec 2020 3 minute read 8 comments Ben Wehrman

Friends!! I'll be the first to admit that I've largely sat on the sidelines during all the DeFi craziness that's gone on in the last several months. I'm a simple man. I stack my sats, I throw a few darts on some altcoins, and I call it a portfolio....

What are consensus Algorithms in the blockchain world?

16 Dec 2020 7 minute read 5 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...

🏦 Insights Network (INSTAR) : Earn Crypto for Completing easy Survey in 2 minutes.

13 Dec 2020 1 minute read 1 comment FreedomBuilder

  📈 INSTAR already listed on Coinmarketcap on Bittrex Exchange.  🎁 Reward: Complete activities on Instars website and earn instars tokens, very easy survey & you can earn quickly 5 INSTAR ≈ 0.25$ for a survey in 2 minutes. 👥 Share with your friends a...

New Video Best Staking Coins For 2021 My Top 5 Picks

11 Dec 2020 1 minute read 2 comments TrixTrade

Hey Cryptos, We all love that passive income don't we? Fortunately for us as crypto investors we have the chance to hodl those staking coins and earn passive money. That's why each year I release a YouTube video talking about the Top 5 Staking coins...

Earning Through Coin Staking on MyCointainer

7 Dec 2020 4 minute read 4 comments Chriss

Investment strategies have dominated the digital currency world following the existence of several virtual assets. Many platforms have come up with creative ideas on how to earn large amounts of income seamlessly. The main advantage that the cryptocu...

ETH2.0 Is Live

7 Dec 2020 5 minute read 0 comments CPix

Support The DeFi Bridge by donating Ether or any ERC20 token to Crypto College in Gitcoin Grants Round 8! Gitcoin uses a quadratic funding mechanism so the more unique donors a project has, the more crypto that project receives from the matching pool...

SERENITY: What Ethereum 2.0 means for blockchain technology.

7 Dec 2020 5 minute read 8 comments Dzoelx

Source My first ever cryptocurrency was probably Cardano (ADA), but Charles Hopkins was more known as ‘Ethereum co-founder’ than ‘Cardano CEO’. Funny right? Well, that just goes a long way to explain how influential ethereum is in the crypto space. A...

Who actually trust staking for Eth 2.0 ? ---> Put your hands up ( possibly "in the air" )

6 Dec 2020 1 minute read 6 comments Ariman

Hello dear friends Publishers&Readers, I would kindly ask you all if you already went straight with staking ETH 2.0 and if so, where and on which platform. In fact, unless you have 32 ETH parked somewhere you don't know what to do, and unless you hav...

Rainbow Wallet Released v2.9.5

5 Dec 2020 1 minute read 0 comments Cosmos Network Family and Friends

Rainbow Wallet v2.9.5 On November 30, 2020, Rainbow Wallet released v2.9.5. This new version optimized UIs and fixed issues reported by the community to provide the better user experience: Optimized UI: IRISnet’s mascot Nyan Cat makes the first appe...

Staking crypto currencies. Is it worth it?

5 Dec 2020 2 minute read 0 comments Ryryry143/Kryptlook

Staking - a super important term you need to know if you are getting into crypto.As you know, crypto currency is all about creating a secure and reliable networks for you and me to transact. There are two types of algorithms that ensure this and diff...