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.
Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value.
The Challenge of Taxing Proof-of-Stake
DAGs present an encouraging approach, aimed to improve the existing speed, scalability and cost issues of blockchain technology.
Understanding Directed Acyclic Graphs in the Blockchain Landscape
In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years.
Cryptocurrency Mining Profitability in 2020: Is It Possible?
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
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
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
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