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.
An Ethereum 2.0 developer predicts the protocol’s deposit contract will be released in a matter of days, and that ETH 2.0 staking will go live this year.
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Former Steem devs believe CPU mining is the key to a fair launch for their ‘blockchain 3.0'
No participation issues this time as much fewer bugs are reported.
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Ethereum liquidity will no longer have to go through FTX to reach Solana.
Solana set to launch decentralized Ethereum bridge to power DeFi
Users automatically receive rewards on some of their crypto positions.
Trading platform eToro launches staking-as-a-service feature
Participation is low once again, but it doesn't seem to matter.
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A new blockchain protocol plans to allow anyone to hedge against the risk of service delays and disruption across multiple industries, including proof-of-stake ...
Could this blockchain protocol reduce exposure to PoS slashing risks?