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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

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When Ether reaches a price of $2,000, we are looking at a market capitalization of around $188 bln.

Ethereum Price Can Reach $2,000 If This Happens

Pascal Thellmann

2017-08-06T14:17:54+01:00

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Although Ethereum’ s future is still uncertain, several indicators show that its core technology is moving in the right direction.

Is Ethereum Getting Ready For Mass Adoption?

Pascal Thellmann

2017-07-06T18:25:00+01:00

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Blockchain developers seek to employ the various strengths of different algorithms in order to achieve a more robust Blockchain platform.

There is No Perfect Blockchain, Here is Why

2017-07-04T15:20:00+01:00

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VIVA introduces the concept of Proof of Authority, an algorithm which delivers instant transactions and seamless consensus.

Why Blockchain Needs ‘Proof of Authority’ Instead of ‘Proof of Stake’

2017-04-26T16:29:00+01:00

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The development team behind the anonymous cryptocurrency Zcash revealed that Slush Pool, the world’s first Bitcoin mining pool, has added support for Zcash.

What to Mine After Ethereum’s PoS: World's First Bitcoin Mining Pool Adds Zcash Support

2017-04-23T14:55:00+01:00

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In an exclusive with Cointelegraph, Vitalik Buterin reveals some of the many exciting applications being developed by banks, startups and corporations within th...

Vitalik Buterin Reveals Ethereum-Based $92 Bln Firm’s DApp and More: CT Exclusive

2017-04-13T08:50:00+01:00

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Blockchain-enabled smart contracts that employ proof-of-stake validation for transactions promise significant performance advantages compared to proof-of-work s...

PoS Promises Better Performance Than PoW in Blockchain-Enabled Smart Contracts

Olusegun Ogundeji

2017-03-11T16:24:00+00:00

1639

Tendermint has announced its addition to Microsoft's suite of blockchain-related tools and applications as part of the tech giant’s Azure Blockchain-as-a-Servic...

Tendermint Added to Microsoft’s Azure BaaS Platform

2016-03-18T16:29:00+00:00

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