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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

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

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2021-04-27T20:28:50+01:00

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A $4.1 million investment could bring a travel booking site and its blockchain reservation protocols onto the front and back end of a major online travel agency...

Australian booking giant invests in blockchain-based travel marketplace

2021-04-23T15:01:28+01:00

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Bitcoin needs to move away from the proof-of-work consensus mechanism to remain the world’s dominant cryptocurrency, Ripple’s Chris Larsen said.

Ripple co-founder thinks Bitcoin should move away from proof-of-work

2021-04-22T09:20:28+01:00

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Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem.

Gaming giant Ubisoft to become corporate baker on Tezos network

Osato Avan-Nomayo

2021-04-20T12:43:53+01:00

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A new Ether ASIC mining rig is on the way, but will it help ease Nvidia’s GPU problems?

Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all

2021-04-16T11:42:04+01:00

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To fully merge the real and digital worlds, designing governance systems with flexibility at their core is key.

Anchoring the worlds with flexible and high-performance on-chain governance

2021-04-11T14:13:00+01:00

16457

Ether remains close to the $2,000 mark after breaking its all-time-high at around $2,150, but what has driven its growth?

Ether price takes on Bitcoin — What’s behind the sharp rise in demand?

António Madeira

2021-04-08T18:13:28+01:00

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It is one of the first steps towards Phase 1.5 that will ‘dock’ Eth1 with Eth2.

99.98% less power: Lighthouse’s first Ethereum and Eth2 merge transaction

2021-03-26T04:22:32+00:00

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