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.
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 launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing?
Ethereum 2.0 to boost DeFi but delayed launch may set the network back
Despite the uncertainty around the launch of Ethereum 2.0, Bitcoin Suisse expects to make its ETH staking service available before the holidays.
Bitcoin Suisse expects to offer Ethereum staking before Christmas
The Ethereum 2.0 deposit contract is open. How are things progressing, and what comes next?
Ethereum 2.0’s long and winding road to scalability launch
The launch of Ethereum 2.0 has challenges — but this Web3 specialist has launched a new protocol that will allow people with less than 32 ETH to get involved in...
Want to stake ETH but don’t have $14K? This protocol can help
The solution is centralized, but time is pressing.
LiquidStake set to unlock liquidity for Ethereum 2.0 Phase 0 stakers