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 is best? APY or APR?

9 Aug 2021 2 minute read 0 comments Austras

APY APY or annual percentage yield is used to describe the result of the money you've invested in any number of products. APY only takes into account how much you get in return for your money in a given percentage. Annual percentage yield is usually...

crypto basics: How does the PoS protocol work?

5 Jun 2021 3 minute read 9 comments

Hey mates! Today we are going to talk about the Proof of Stake consensus algorithm. In my previous post I was talking about the Proof of Work consensus algorithm and why is really important in blockchains. So we are going to continue on this point. ...

I made a profit of 16% in just 1 week from trading my coins from faucets on stakecube

22 Mar 2021 1 minute read 0 comments ionutzu97

Hello everyone! I want to present to you my profits made in 1 week from 15 March until 22 March 2021.  So, as some of you know, I claim free coins from different faucets. All I do with this little earnings is: Staking it on StakeCube However, even w...

How To Claim Free Crypto and Stake it

7 Feb 2021 2 minute read 0 comments bitcoinflood

I'm a HUGE fan of passive income. It's the single greatest thing in the world when your money starts working for you. This also applies to crypto and if not more so than USD as there are many options to stake and earn crypto passively. In this articl...

How i earned 0.135$ in crypto by staking on September

2 Oct 2020 1 minute read 0 comments ionutzu97

  Welcome to the monthly review of My Staking Portfolio. I provide an update of the interests I got, the services I used and the transactions I did during the month of september. If you have any questions feel free to ask! Interests received in Septe...

Stake And Earn A Passive Apr With Atomic Wallet Coin (AWC)

25 Aug 2020 1 minute read 2 comments RitabeII

14,702 $AWC worth of $16,000 rewards were paid to 6515 holders last week! If you currently hold and stake AWC, We may see a new ATH soon. Btw, you can still stake and earn up to 23% yearly staking AWC. Visit this website for more: http://atomicwalle...

DeFi vs Staking Rewards - Dogecoin to $1???

7 Jul 2020 1 minute read 0 comments crypto_clay

  Today we discuss the key differences of Decentralized Finance and staking rewards. Each of these investment strategies have their pros and cons. I break down what I think makes these similar and different and ultimately give my opinion on which is...

Claim Tezos Daily Through Brave! 👉🏽💎👈🏾

1 Jul 2020 1 minute read 0 comments renangeographia

Hey Tezos enthusiasts! Now you can claim daily Tezos (XTZ) through Global Hive. Check my referral link above. Before going to the link let's learn about Tezos a little bit. What is Tezos? Tezos (XTZ) is a blockchain network linked to a digital token,...

youForia Token - The NEW Proof of Stake with Multiple Use Cases (Airdrop on Twitter)

7 May 2020 1 minute read 0 comments inkfluencer

About youForia $YFR youForia Token offers a PoS program that does not require the holder to have a continuous internet connection. youForia also represent to be a decentralized token economy for marketing, competitive gaming, content creating and eSp...

Overview "Yoda X" - cryptocurrency with a strong referral system.

6 May 2020 1 minute read 0 comments liorezal

This article will talk about the Yoda X project, which is a collective mining on the "Proof-of-stake" algorithm. The "Yoda X" cryptographic currency has a token with the symbol YOD. The developers plan to use the coin not only as a means of payment,...