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.


Delegated Proof of Stake simplified

4 Apr 2021 1 minute read 0 comments nervi

Delegated Proof of Stake, DPoS for short, is a very innovative consensus algorithm. You could say that it is a kind of democratic PoS system. It was created as an alternative to the "old" Proof of Work system, which as we know requires a lot of work...

Leo Finance witness is on a bull run taking 28th active place after 1 day

7 Feb 2021 1 minute read 1 comment Behiver

Just yesterday I was writing that the Leo Finance witness was surpassing @riverhead on the 29th active place and it seems that the bull runs continues for it. After only one day it moved to the 28th active ranking place and jumped before @jesta and c...

📝 Crypto Poem 04 | Nano, the biggest one 🔬

21 Sep 2021 1 minute read 1 comment mabc95

🧮 Ten to the minus nine going beyond math An open source asset for decentralization Solving the blockchain scalability limitations Supported thanks to directed acyclic graphs   👨‍💼 Started with the name RaiBlocks by Collin LeMahieu Given through capt...

zkTube Testnet Smooth Run Marks a Giant Leap for L2

16 May 2021 2 minute read 0 comments Alice Smith

  One small step for zkTube, one giant leap for Layer 2   As one of the most promising expansion solutions, the zkTube protocol has attracted attention since the beginning of the project. The mechanism was first proposed by Vitalik Buterin, a second...

World Poker Tour will premier along with it’s NFT market launch on Theta Network

14 Apr 2021 2 minute read 1 comment Greenchic

NFT market launching on Theta Network very soon!!   NFT market place going live on Theta Network on April 18th!! Theta Network is a leading decentralised video delivery blockchain network that enables peer to peer live streaming of video content. Ve...

Tezos, why I am super BULLISH !!!

22 Jul 2021 6 minute read 0 comments mattbesancon1

Tezos is here to stay ! Ok guys, in today's post, let's review this gem because it clearly is here to stay ! I know, i know, everything has been said about it already, but i truly believe that the best is yet to come, and here is why.   QUICK OVERVIE...

7 Of The Best POS [Proof of Stake] Coins in 2021

7 Feb 2021 1 minute read 0 comments bitcoinflood

Here are the top 7 POS [ Proof Of Stake ] Coins for 2021. Cryptocurrency is an amazing way to earn passive income and POS provides just that while giving back security to the blockchain for doing so. #1 Tezos https://tezos.com/ This ICO coin raised o...

Layer 2 Solutions for Ethereum – How Do They Work?

10 Feb 2021 3 minute read 1 comment GetBlock

For many years the smart contract platforms have been drawing a lot of attention from developers, businesses and governments. They have a lot of potential applications in various fields: registries, finance, healthcare, supply chains, gaming. Howeve...

Data Science of Binance Smart Chain (BSC) vs Ethereum (ETH)

27 Feb 2021 4 minute read 0 comments quantdoge

Blockchain Architectures of BSC and ETH Ethereum is currently having the second-largest market capitalization after Bitcoin (BTC). As opposed to Bitcoin blockchain which serves solely as a store of value and peer-to-peer decentralized payment system,...

Fourth week of September 2021 Staking rewards on StakeCube

29 Sep 2021 1 minute read 1 comment ionutzu97

Hello and welcome back my friends! Here is another update on what happened from 22-29 September : So, I can say I had a good week.  I just looked on my old posts, and I saw that last year in September, for a whole month I earned 0.13 $. So ... from...