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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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This is the first part of a deep dive into the years-long debate between proponents of proof-of-work and proof-of-stake. Which one is better and why?

Proof-of-Stake Vs. Proof-of-Work: Which One Is ‘Fairer’?

Andrey Shevchenko

2020-04-01T01:55:00+01:00

17383

The Neo Foundation released more than $11 million in NEO from locked accounts to cover costs for 2020.

Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020

Andrey Shevchenko

2020-03-26T00:00:00+00:00

5081

Huobi Pool, a crypto mining arm of Huobi, says its operating revenues surged 547% in 2019, jumping from $53 million in 2018 to $320 million.

Huobi's Mining Arm Records 547% Surge in Operating Revenue in 2019

2020-03-19T19:46:00+00:00

1683

The Steem community is forking away and relaunching the platform under the Hive name, as prominent members refuse to compromise with Tron’s Justin Sun.

Steem Community Relaunches Platform as Hive to Make It Truly Decentralized

Andrey Shevchenko

2020-03-18T13:17:00+00:00

9855

Market Analysis

Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp.

Ethereum Whales Accumulate in Anticipation of ETH 2.0

2020-03-06T15:28:00+00:00

14678

The recent incidents with Steem show a critical vulnerability in proof-of-stake algorithms that might affect all cryptocurrencies and exchanges.

The Steem Takeover and the Coming Proof-of-Stake Crisis

Joël Valenzuela

2020-03-06T00:00:00+00:00

9910

Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity.

Blockstack's Proof of Transfer Would Have Miners Pay BTC to Mint Stacks

Andrey Shevchenko

2020-02-12T21:29:00+00:00

3304

Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, an organization lobbying for better tax and regulatory treatment of staking rewards.

Coinbase Custody and Bison Trails to Lobby Staking Adoption

Andrey Shevchenko

2020-01-30T14:00:00+00:00

12260