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.
Eth2 withdrawals may not need to wait for Phase 2 under developer Danny Ryan’s new proposal which would unlock 80% of withdrawals.
Eth2 withdrawals are coming sooner than you think
Despite some “unanticipated consequences,” the testnets were instrumental in stress-testing Eth2.
Eth2 dev talks about challenges and lessons learned ahead of mainnet launch
The U.S. exchange plans to roll out support in early 2021.
Ethereum 2.0 staking is coming to Coinbase
Ethereum 2.0 is no longer about just the potential to bring Ethereum to a much more diverse audience than ever before.
Ethereum 2.0: Less is more... and more is coming
A blockchain focused on “sustainable decentralization” says it is about to become one of the world’s largest and most scalable proof-of-stake networks.
‘Sustainable decentralization’: Network will have 440 validators in weeks
The token drop for Oasis Network’s ROSE token has amassed a $10.5 million TVL and is now the second-largest offering on the U.S.-headquartered CoinList platform...
6,700 investors lock $10.5M in Oasis Network’s token-drop
With just nine hours remaining, the Ethereum’s deposit contract met its threshold of 524,288 Ether — locking Eth2’s beacon chain genesis for Dec. 1.
Ethereum 2.0 confirmed for Dec. 1 launch just hours before deadline