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Author Topic: Proof of stake is more popular.  (Read 430 times)
cryptosifu
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March 16, 2018, 05:51:36 AM
 #21

Proof of stake cryptocurrencies are popular due to earning additional coins without any special or expensive equipment.  All you need to do is keep your wallet open and unlocked for a period of time and you'll start earning stakes. 
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March 16, 2018, 12:10:54 PM
 #22

PoS will became mainstream and absolutely dominant as soon as ETH implements the Casper algorithm.

That's why this is the right time to invest in good and solid PoS projects!

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March 16, 2018, 12:58:11 PM
 #23

Proof of stake is one of the easiest way to invest your money. Unlike in pow, you need a machine which is the one who will work for you. So meaning you need a big capital. I'll go for POS rather than POW.

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March 26, 2019, 11:08:59 AM
 #24

Since the cryptocurrency is a fully automated domain, verifying every single bit of information is imperative to ensure that invalid blocks don’t get entry into a blockchain.

In order to verify and secure transactions, two major blockchain consensus algorithms are used. The first kind is the traditional Proof of Work (PoW) model and the second is a comparatively newer version known as Proof of Stake (PoS).

The primary attempt of this article is to break down the functioning of the PoS to inform the reader about things like Proof of Stake implementation, Proof of Stake validation, as well as, Proof of Stake attacks.The number of blocks a single node can validate depends on the number of coins he/she is staking. In other words, you can only validate as many transactions as the number of coins you have in your wallet.
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March 26, 2019, 11:12:05 AM
 #25

I think people choose proof of stake than others because of proof of stake is more easier to do than mining. I mean, people are lazy and don't want to buy mining rig and do some maintenance, calculate, electricity etc. People are prefer proof of stake, they only need to hold the coins and get profit. It's more easier to do.
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March 26, 2019, 12:13:16 PM
 #26

I don't own anything against PoS, but do not even say kidding! What is one of the few amusements today in cryptocurrency? The speculative mining! By the way, it's not the same a few years back and if this PoS mentality swallows most people, cryptocurrencies are definitely in danger of a very sad end! I say this because there is not much function for the cryptos besides speculating, currently speaking!
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March 26, 2019, 02:01:30 PM
 #27

snip
...
anyone know where to stake any coins pool style?
i'm staking every 3 minutes at just-dice but that's the only place i've found so far, for any proof of stake coin.

You can try Proof of Stake here: https://callisto.network/
This is a sidechain Ethereum classic blockchain. It works.
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March 26, 2019, 02:05:53 PM
 #28

In my own point of view in the near future Prove Of Stake (POS) will be the better easier haven for cryptocurrency investors ,I was a miner who loves building mining rigs but since market condition turns down and keeps crumbling mining has not been profitable since then so what makes it not profitable presently is electricity cost so pos is better

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March 26, 2019, 02:18:59 PM
 #29

POS is a relatively new protocol that is very often used today in many projects. I still think that a very large number of people now recognize not only POS but also POW, which was previously. In general, I can probably say the matter of speed.
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March 26, 2019, 03:03:35 PM
 #30

Yep. What I notice is that PoS is growing and becomes popular in the whole of cryptocurrency. The pos coin does not require the large electrical energy like PoW and the easiest way to get additional income only by staking your PoS coin.
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March 26, 2019, 03:27:13 PM
 #31

Yep. What I notice is that PoS is growing and becomes popular in the whole of cryptocurrency. The pos coin does not require the large electrical energy like PoW and the easiest way to get additional income only by staking your PoS coin.
We need more conservative consensus and POS is one of the answers. POW consumes a lot of energy when the difficulty gets an increase. POS is the future because that gives ability to the token holders and it's not only just a worthless coin.

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March 30, 2019, 07:36:00 PM
 #32

I can agree with you that the proof of stake algorithm is quite popular but I don't think it has been accepted fully by the community because a lot of persons are already used to bitcoin and how bitcoin works and are not ready to change their mentality towards any crypto project that is not built around the bitcoin concept, even google refused to include ethereum logo to there keyboard because they fill that the algo is still under test.
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March 30, 2019, 08:10:49 PM
 #33

I can agree with you that the proof of stake algorithm is quite popular but I don't think it has been accepted fully by the community because a lot of persons are already used to bitcoin and how bitcoin works and are not ready to change their mentality towards any crypto project that is not built around the bitcoin concept, even google refused to include ethereum logo to there keyboard because they fill that the algo is still under test.
As for Bitcoin, there are still a lot of questions because it is not known, or this habit drives users of cryptocurrency, or is it still a big hope for real opportunities with Bitcoin. In any case, if Bitcoin is really used, it will only benefit the cryptocurrency market. I would also like to mention this fact, that it’s not for nothing that Google decided to conduct a dual payroll system in Fiat and Bitcoin for its employees in different parts of the world.
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April 06, 2019, 04:48:54 PM
 #34

Definately Proof of stake is more popular because when you do the work in bounty campaign so you get a stake which is the proof of your work that how much wok have you done.

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April 17, 2019, 12:58:10 AM
 #35

ease in getting rewards from stake calculations is very simple and effective. crypto world always gives a new thing, and actually proof of stake can also be used as other workers who work in factories or companies.

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April 17, 2019, 01:50:19 AM
 #36

Cardano, EOS, and soon Ethereum will be proof of stake, among others. Given that banks are no longer issuing interest for money held in deposit, this could be the alternative as people seek additional sources of income. Again, where businesses fail to address the needs of the market, the market will eventually address these needs.
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April 17, 2019, 01:57:43 AM
 #37

Cardano, EOS, and soon Ethereum will be proof of stake, among others. Given that banks are no longer issuing interest for money held in deposit, this could be the alternative as people seek additional sources of income. Again, where businesses fail to address the needs of the market, the market will eventually address these needs.
I'm waiting more for the change of Ethereum into PoS.

That's the most awaited altcoin to change its algo soon.



 

 

 

 

 

 


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April 17, 2019, 02:31:03 AM
 #38

PoS has been with us for a while but only recently it has been taking recognition. One evidence is that ETH making a switch to PoS. Bitcoin's PoW if great but we all know it requires a lot of power to operate. While in PoS, it requires much, much less. I believe PoW is still the superior but PoS is not that far behind.
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April 17, 2019, 03:04:19 AM
 #39

PoS has been with us for a while but only recently it has been taking recognition. One evidence is that ETH making a switch to PoS. Bitcoin's PoW if great but we all know it requires a lot of power to operate. While in PoS, it requires much, much less. I believe PoW is still the superior but PoS is not that far behind.

Many coin right now are PoS. Ethereum switch to PoS but mineable coin still my favorite. I am holding a few different PoS coin but in small amount and not plan to staking because dont have reliable computer
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April 17, 2019, 03:17:18 AM
 #40

PoS will became mainstream and absolutely dominant as soon as ETH implements the Casper algorithm.

That's why this is the right time to invest in good and solid PoS projects!
This time a lot of platforms are interested to use PoS combined with PoW to create a truly decentralized blockchain. PoS already become the mainstream consensus and so many platforms have used it. Ethereum will use a hybrid system. it's not fully become a POS system.

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