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...

Ethereum's Beacon Chain Goes Live

2 Dec 2020 1 minute read 3 comments Abhimanyu Krishnan

Ethereum’s beacon chain went live as scheduled on Dec. 1, marking the first step for the network in its bid to move to the proof-of-stake based Ethereum 2.0. The beacon chain will run parallel to the current Ethereum 1.0 chain, and sets the foundati...

Why I Sold All My DOT

26 Sep 2021 1 minute read 8 comments john harding

I have been holding and staking Polkadot for a while. When I first started staking the minimum stake amount was 20 DOT which was fine with me and didn't skew my portfolio %. Then the minimum went up to 40 DOT. OK I can just about manage this, althoug...

Solana in focus, the antidote to growth pain

31 Aug 2021 2 minute read 0 comments Austras

Adoption is one the key words used when saying what change could increase the value of any blockchain or crypto. Sadly this isn't always the truth as a great deal of the most normal blockchains won't perform as well or be as welcoming as the fees and...

The 6 best blockchain protocols

6 Sep 2021 3 minute read 1 comment Austras

Disclaimer, this list is ordered in my own personal opinion based on how secure, fast and scalable each protocol is. All of them have their own strengths & weaknesses with there being no clear "best" protocol. 6. Nonconsensus protocol Cryptocurrencie...

Zano Bi-weekly Report (23rd August 2021)

23 Aug 2021 4 minute read 0 comments Zano

There’s a lot happening in the world of Zano, so let’s get straight to it. Wrapped Zano (wZANO) We mentioned in the last biweekly that testing on wZano had already begun. It helped us uncover some additional ways in which we could optimize the system...

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...

Ethereum market cap is already half of Bitcoin... Get ready for the big flippening

15 May 2021 1 minute read 3 comments Cryptofab

I know the maximalists will hate me. Come on guys... ETH will continue to pump until the EIP 1559 and afterwards... Whereas BTC sucks currently since Elon dropped it. Ok, ETH is not eco-friendly either, but it will be better once ETH 2.0 is fully lau...

ETH Staking is Becoming a Powerhouse Among PoS Networks!

14 Apr 2021 2 minute read 0 comments Michael @ CryptoEQ

Staking on Eth 2 As of Tuesday, December 1st, 2020, the first step towards the multi-year Eth 2.0 implementation went live. Long-awaited Phase 0 finally launched and with it, the Beacon Chain and Ethereum’s new Proof of Stake (PoS) consensus layer. T...

A zillion reasons to stake ZIL

15 Sep 2021 1 minute read 2 comments I-HODL

Okay, maybe I don't have a zillion reasons, but guys, listen, you've got to stake your ZIL coins. Staking this coin on Atomic wallet can earn you up to 13% returns. What are you waiting for? Okay, so here's the scoop. Introducing Zilliqa Ethereum 2....