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.
Three Ethereum testnets now have a set date for the London hard fork, a key step toward a full mainnet implementation.
Ethereum’s ‘London’ hardfork set to go live on testnets starting June 24
CNN will drop NFTs depicting historic moments such as space travel, technological advancements, and presidential elections.
CNN selling historic news ‘moments’ as NFTs
The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo.
Bill banning crypto mining for 3 years dies in NY state assembly
“The Arrington Algorand Growth Fund represents yet another key strategic pillar in supporting the momentum of those building on top of what we think is the best...
Arrington Capital to back Algorand projects with $100M growth fund
The latest version of a top hardware wallet goes beyond better security, bringing decentralized finance within its native ecosystem.
Pioneering hardware wallet brings enhanced staking to cold storage
The Ethereum co-founder cites people problems as one of the obstacles to progress.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Because of Bitcoin, blockchain’s impact on the climate has come into sharp focus. But can this technology actually be part of the solution for saving the enviro...
Can blockchain ever be part of the solution for tackling climate change?