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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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Ethereum developer Danny Ryan’s new proposal would unlock 80% of withdrawal use cases and allow decentralized staking service Rocket Pool to launch within month...

New withdrawal contracts will enable Rocket Pool Eth2 staking service to launch

Joshua Mapperson

2020-12-02T05:14:41+00:00

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Despite some “unanticipated consequences,” the testnets were instrumental in stress-testing Eth2.

Eth2 dev talks about challenges and lessons learned ahead of mainnet launch

Andrey Shevchenko

2020-11-30T20:02:00+00:00

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The U.S. exchange plans to roll out support in early 2021.

Ethereum 2.0 staking is coming to Coinbase

2020-11-30T19:41:38+00:00

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Ethereum 2.0 is no longer about just the potential to bring Ethereum to a much more diverse audience than ever before.

Ethereum 2.0: Less is more... and more is coming

2020-11-26T17:23:00+00:00

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A blockchain focused on “sustainable decentralization” says it is about to become one of the world’s largest and most scalable proof-of-stake networks.

‘Sustainable decentralization’: Network will have 440 validators in weeks

Connor Blenkinsop

2020-11-25T15:52:00+00:00

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The token drop for Oasis Network’s ROSE token has amassed a $10.5 million TVL and is now the second-largest offering on the U.S.-headquartered CoinList platform...

6,700 investors lock $10.5M in Oasis Network’s token-drop

2020-11-25T03:29:15+00:00

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With just nine hours remaining, the Ethereum’s deposit contract met its threshold of 524,288 Ether — locking Eth2’s beacon chain genesis for Dec. 1.

Ethereum 2.0 confirmed for Dec. 1 launch just hours before deadline

2020-11-24T02:21:45+00:00

60263

The launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing?

Ethereum 2.0 to boost DeFi but delayed launch may set the network back

2020-11-22T15:07:00+00:00

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