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.
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
Ethereum co-founder Vitalik Buterin has recently published an alternative proposal for an early transition to Ethereum 2.0.
Buterin Wants to Speed Up Ethereum 2.0 Transition With ETH1-Friendly Validators
Hardware wallet manufacturer Ledger announced the latest version of its Ledger Live application, adding support for Tezos and Tezos staking.
Ledger Live Adds Support for Tezos and Staking, Adds Features to Hardware Wallets
Italian Society of Authors and Publishers teamed up with Algorand to develop a new ecosystem for copyright management based on blockchain technology.
Italian Copyright Authority and Algorand Develop Blockchain Ecosystem for Copyright Management
Block.One’s announced participation in EOS’s block producer elections has reignited concerns regarding the network’s centralization.
Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers
The institutional asset custody arm of United States-based crypto exchange Coinbase has announced it is transitioning to an internationally-based staking servic...
Coinbase Custody Extends Crypto Staking to Global Investors