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 VORTECS™ Score for IQ surged to a record high shortly before Everipedia announced that token stakers would receive special NFTs.
Everipedia VORTECS™ Score hits record high ahead of upcoming NFT drop to IQ stakers
Arranged by risk tolerance, a new crypto investing firm seeks to make it easy to invest in diversified, sustainable staking, mining and running masternodes.
Regulated French investment firm offers interest-focused crypto bundles
Polkadot’s Gavin Wood has announced a more than $770 million development fund just weeks before the network’s parachain auctions are set to go live.
Polkadot unveils $770M development fund ahead of parachain auctions
Founded in April 2021, the platform raised funds from a plethora of high-profile figures from the crypto and blockchain space.
Stader Labs completes $4M funding raise to expand crypto staking
Staking provider Lido was also found to be vulnerable to the bug that has delayed the launch of the Eth2 staking service Rocket Pool.
Rocket Pool delays launch after vulnerability discovered by rival
The gaming token, which reached $150 in the early UTC hours of Monday, risks correcting below $90 as a key technical indicator identifies its overbought conditi...
Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally
Axie Infinity's price surged to a record high above $118 following the release of a huge airdrop to early supporters and the launch of staking for AXS token.
Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high