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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

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

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

After the somewhat imperfect launch of the Medalla Eth 2.0 testnet, developers discuss what initially went wrong.

Ethereum 2.0 Devs Discuss Medalla Issues as Network Stabilizes

Andrey Shevchenko

2020-08-06T19:18:00+01:00

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Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards.

Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

2020-08-04T20:13:00+01:00

9526

Glassnode states that over 90% of the Ether token supply was bought at a lower price than that at which it's currently trading.

Over 90% of Ether Supply Is Now in 'State of Profit,' Says Glassnode

2020-08-04T12:26:00+01:00

3814

While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake.

2020 Is Becoming the Year of Staking With Some Major Achievements

Sinjin David Jung

2020-08-03T14:56:00+01:00

12656

Ethereum classic was attacked? ETC network briefly goes down for maintenance, diagnosis report explains what happened.

Ethereum Classic Blockchain Splits Due to Reorg by a Single Miner

2020-08-01T14:17:00+01:00

26906

Ethereum has come a long way since its 2015 beginnings, although its move into proof-of-stake has faced a bevy of delays.

A Birthday Look: 5 Years of Ethereum Network Updates, Delays and Changes

2020-07-29T08:42:00+01:00

5439

Polkadot’s first major voting proposal passed with 86% in favor of multiplying the DOT supply 100-fold.

Polkadot Passes Proposal to Make DOTs ‘More Ergonomic’

Andrey Shevchenko

2020-07-27T18:11:00+01:00

5215

Blockchain technology has the potential to create a new era of gaming and drive true adoption in the industry.

Gaming Industry Use of Blockchain May Lead to Mass Adoption

2020-07-26T19:00:00+01:00

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