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Proof-of-Stake News

Proof-of-Stake is a consensus algorithm of public blockchains that operates depending on a validator’s stake in the network. The creator of the next block in the network is chosen by a random selection, but with taking the wealth of the user into account while choosing. Sometimes, the network also considers the age of an assets held by the potential creator. Proof-of-Stake, along with Proof-of-Work, is one of the most popular consensus algorithms for cryptocurrencies. Proof-of-Stake vs Proof-of-Work shows smaller centralization risks, more security and energy efficiency. POS is also often used in combination with POW, which allows the network to maintain some functions with one algorithm and some with the other. Famous examples of Proof-of-Stake coins are Cardano, Dash and QTUM. There are also plans of implementing proof-of-stake into the Ethereum blockchain.

Top News

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Founded in April 2021, the platform raised funds from a plethora of high-profile figures from the crypto and blockchain space.

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2021-10-07T14:00:00+01:00

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Staking provider Lido was also found to be vulnerable to the bug that has delayed the launch of the Eth2 staking service Rocket Pool.

Rocket Pool delays launch after vulnerability discovered by rival

2021-10-07T06:50:13+01:00

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The gaming token, which reached $150 in the early UTC hours of Monday, risks correcting below $90 as a key technical indicator identifies its overbought conditi...

Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally

2021-10-04T14:13:45+01:00

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Axie Infinity's price surged to a record high above $118 following the release of a huge airdrop to early supporters and the launch of staking for AXS token.

Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

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2021-10-01T23:45:00+01:00

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The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade.

Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation

2021-09-30T14:45:05+01:00

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Launched in China in 2018, SparkPool controls over 22% of Ether’s hash rate as of Monday, second only to Ethermine.

Second-largest Ethereum mining pool to suspend all operations

2021-09-27T15:30:00+01:00

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Market Analysis

Meanwhile, the amount staked in Ethereum 2.0 smart contracts reached over 7.75 million ETH.

Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

2021-09-23T16:39:55+01:00

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The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure.

Tezos risks correction below record high with XTZ rallying 250% since July

2021-09-13T17:05:28+01:00

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