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.
The Neo Foundation released more than $11 million in NEO from locked accounts to cover costs for 2020.
Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020
Huobi Pool, a crypto mining arm of Huobi, says its operating revenues surged 547% in 2019, jumping from $53 million in 2018 to $320 million.
Huobi's Mining Arm Records 547% Surge in Operating Revenue in 2019
The Steem community is forking away and relaunching the platform under the Hive name, as prominent members refuse to compromise with Tron’s Justin Sun.
Steem Community Relaunches Platform as Hive to Make It Truly Decentralized
Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp.
Ethereum Whales Accumulate in Anticipation of ETH 2.0
Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, an organization lobbying for better tax and regulatory treatment of staking rewards.
Coinbase Custody and Bison Trails to Lobby Staking Adoption
ConsenSys co-founder Andrew Keys published an optimistic set of predictions for Ethereum in 2020, but others disagree with his assessments.
Ethereum 2.0 Will Come in 2020, According to ConsenSys Co-Founder
The gaming giant will become a block producer on the UOS blockchain, supporting a gaming project called Ultra.
Ubisoft Might Be the First Major Games Company to Geek Out Over Blockchain