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.
COTI price hit a new all-time high following the roll-out of Staking 3.0 and a Simplex integration that allows Apple Pay users to purchase the token.
Apple Pay integration and Staking 3.0 launch push COTI price to a new high
Blockchain infrastructure service platform Bison Trails has launched support for running full nodes and staking on Cosmos.
Bison Trails launches staking and node services for Cosmos
The $200 million will be used to invest in seed and Series A funding rounds for promising cryptocurrency startups.
Crypto.com launches $200M investment fund for cryptocurrency startups
Hedera's proof-of-stake network will act as an energy-efficient foundation for Électricité de France's ongoing mission to become carbon neutral.
French utility giant pursues carbon neutrality as Hedera node operator
Unibright Token's price rallied to a new all-time high over new partnerships and its Baseledger white paper unveiling DeFi staking.
Unibright (UBT) price soars after DeFi staking and enterprise-level partnerships
With over 3,000% growth since the turn of the year, even a recent network outage couldn't stop Fantom's bullish surge.
Fantom brushes off network outage with another 50% price surge
The second-biggest cryptocurrency is only the fourth-ranked staking network, but it’s looking to catch up to the rest.
The staking race: Late entrant Ethereum lags behind rivals with Eth2