CasperLabs, the firm tasked with developing Ethereum’s implementation of proof-of-stake, decided to launch its own blockchain.
PoS News
Proof-of-stake (PoS) is a type of consensus algorithm of a cryptocurrency’s blockchain network. In a PoS cryptocurrency, block creators are chosen by random selection with the consideration of the user’s wealth in the network and, sometimes, the age of his assets that is often referred to as the “coin age.” Unlike proof-of-work (PoW), miners of PoS cryptocurrencies must have some coins to continue mining. PoS blockchains are much more energy efficient than PoW blockchains and are more engaging in the accumulation of wealth. Bitcoin enthusiasts sometimes offer PoS as an alternative to PoW that might be implemented in Bitcoin’s blockchain. PoS for Bitcoin may be implemented as a hybrid of PoW and PoS to engage people with less powerful computers in the network. Famous examples of PoS cryptocurrencies are DASH, NEO and Stratis.
- News
- News
by Helen Partz
Messari, a major blockchain and crypto research company, argues that there is a weak correlation between total tokens staked and price return.
- News
by Helen Partz
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.
- Market Analysis
by Samuel Haig
Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp.
- Opinion
The recent incidents with Steem show a critical vulnerability in proof-of-stake algorithms that might affect all cryptocurrencies and exchanges.
- News
Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity.
- News
Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake blockchain.
- News
Binance.US, the U.S. cryptocurrency trading platform of major crypto exchange Binance, will introduce staking rewards in February.
- News
Financial services and mobile payment company Square gets a patent to turn fiat into crypto in real-time point-of-sale transactions.
- News
EGifter becomes the first merchant to accept XRP through BitPay, creating new and practical uses for the digital asset.
- News
Critical Ethereum 2.0 smart contract not affected by the bugs, developers argue.
- News
by Helen Partz
Binance will suspend Ether deposits and withdrawals to support the Ethereum network Muir Glacier upgrade that is expected to be executed on Jan. 1, 2020.
- Follow up
Bitcoin Cash-focused firm BitcoinBCH has potentially misled the public into believing that Bitcoin double-spends is easy to carry out.
- Follow up
by Samuel Haig
Block.One’s announced participation in EOS’s block producer elections has reignited concerns regarding the network’s centralization.
- Analysis
The next Ethereum hard fork is coming soon — here’s how the improvements it brings fit into the big picture of network’s evolution.
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