Security, scalability, decentralization: What will the first proof-of-stake blockchain by MIT look like and why might it become a threat to Ethereum?
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.
- Analysis
- News
Staked, a startup aiming to make staking on PoS blockchains easier for institutional investors, raised $4.5 million from Pantera Capital, Coinbase and others.
- Opinion
by Guest Author
Blockchain technology is facing a serious scalability issue, and solving it might not be as easy as some think.
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by Maria Yavuz
A project is intended to make blockchain more easy-to-use and flexible for regular users and developers.
- News
by Helen Partz
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
- News
The EOS blockchain is set to launch after a live-streamed vote among “Block Producers” yesterday unanimously voted “GO”.
- News
The 0.1.0 version of Ethereum’s Casper Protocol code has been released by developers.
- News
There will be a cryptocurrency of the future and it will not be Bitcoin, says ex-Goldman Sachs president, ex-member of Trump administration.
- News
by Helen Partz
Recent Ethereum Improvement Proposal reveals Casper FFG network update, which seeks to move the network away from issues associated with crypto mining.
- News
by Helen Partz
The Chinese government China reaffirmed its strict stance on ICOs and crypto in a recent statement claiming to combat illegal fundraising.
- Analysis
There is a difficulty bomb programmed into the Ethereum network that could freeze the Ethereum Blockchain later this year.
- BlockShow
Qtum is claimed to be a Blockchain project that bridges the gap between Bitcoin, Ethereum and the other parts of the whole Crypto/Blockchain field.
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Bitcoin mining is moving on to large-scale operations but there are strategies for individuals to earn money still.
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