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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.

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Ethereum co-founder Vitalik Buterin tweeted that proof-of-stake blockchains with sharding will be “thousands of times” more efficient in the future.

Vitalik Buterin: Proof-of-Stake, Sharding to Make Blockchains ‘1,000x’ More Efficient

Adrian Zmudzinski

2018-12-11T22:08:00+00:00

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A project is intended to make blockchain more easy-to-use and flexible for regular users and developers.

‘Creating DApps Can Be Simple’: Platform to Bring Decentralized Economy to Mass Adoption

2018-11-05T13:40:00+00:00

3799

Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions.

Dubai Government-Backed Digital Currency Will Get Its Own Payment System

2018-10-09T11:51:00+01:00

11330

Deloitte has outlined five major areas where blockchain needs to develop to achieve widespread adoption.

Deloitte Outlines Five Major Obstacles to Blockchain’s Mainstream Adoption

2018-10-01T19:41:00+01:00

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Pros and cons of every major PoS challenger.

From PoS to dBFT: A Brief Review of Consensus Protocols

Nikolai Kuznetsov

2018-09-13T18:55:00+01:00

11464

Ethereum core devs have decided to delay the “Difficulty Bomb” for 12 months and reduce the block rewards

Ethereum Core Devs Delay ‘Difficulty Bomb,’ Reduce Block Rewards to 2 ETH

2018-09-01T03:21:00+01:00

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Vitalik Buterin claimed that Casper should be released on a shard, a term recently offered for a way of storing ETH nodes as a part of the distributed registry

Ethereum to Combine Casper and Sharding Upgrades

2018-06-16T03:55:00+01:00

45645

The EOS blockchain is set to launch after a live-streamed vote among “Block Producers” yesterday unanimously voted “GO”.

Fifth Largest Cryptocurrency EOS’ Blockchain Set to Launch

Olivia Capozzalo

2018-06-09T15:45:00+01:00

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