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.
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Over $16 million worth of KNC have been staked within 24 hours of Kyber launching the service.
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Ethereum co-founder Vitalik Buterin mentioned looking back at Ethereum’s development.
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This Eastern European proof-of-stake upstart believes it has better technology than Cardano, EOS, & Algorand.
This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat
BRD has added Hedera's HBAR coin to its digital asset wallet, in addition to the project's Blockset integration.
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Ethereum's blog shows ETH 2.0 still chugging along with developments.
Ethereum Update Indicates 2.0 Still Coming Along
It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective.
Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains
The first stage of Ethereum 2.0 is almost here, but how will the DApp and DeFi space adapt to this change?
Ethereum 2.0 Likely to Affect DeFi and DApps With PoS Introduction