Proof of Stake

Since you have stumbled upon this article, you must have heard about Tezos or the good stuff this project is doing in the crypto space. Getting right into it, Tezos is one of the few projects developed from scratch, unlike most cryptocurrencies that have taken after Bitcoin's infrastructure.  As far as the long list of merits of the Tezos blockchain goes, it depends on a less power-hungry algorithm than Bitcoin or Ethereum. The algorithm is less computationally rigorous and less…

Popular online automatic staking and masternode platform - MyCointainer has introduced more fiat pairs allowing users to now buy crypto with GDP, PLN, NOK, and CHF, among others, in addition to EUR & USD. The move aims to increase the number of cryptocurrency investors by creating a smooth transition into the world of digital assets. MyCointainer hosts close to 50 different digital assets allowing users to choose their preferred cryptocurrency assets, stake coins on the platform, and profit off them. …

Developers of Ethereum 2.0 remain optimistic about its deployment this year. Although initially scheduled to launch in the first quarter it had been postponed.  The team undertaking the upgrade held a Reddit AMA event on Feb 5 to clarify certain things. They affirmed that the launch would proceed after three clients successfully run their testnets continuously for a minimum of two months. The protocol's researchers Danny Ryan, Justin Drake, and Vitalik Buterin participated in the AMA. Drake stated that he…

On the 16th of December 2019, Cardano incentivized testnet went live. In less than 24 hours, 5.4 ADA already got staked by holders, representing 17% of the total coin supply. Even though IOHK operates some of the leading pools, several independent pools are also topping the pool tool charts.  This significant step envisions Cardano to achieve decentralization through supporting a large number of staking pools. As per the project’s roadmap, the blockchain’s incentivized staking system will reach equilibrium at 1000 pools.…

Proof-of-Work, the mechanism to secure a decentralized network, was first introduced in the Bitcoin protocol in 2009. It was a revolution in its own right because of its ability to allow the flow of value and information over the internet without the risk of being attacked. Since then, Proof-of-Work or PoW has been implemented over various other protocols like Ethereum, Dash, Litecoin, and it has achieved great success. But as it is always said, there are always trade-offs. To help…