PoS

Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins

Energy-efficient blockchains are leading the crypto rebound after Elon Musk, Tesla CEO, shocked the crypto world yesterday saying the car manufacturer “has suspended vehicle purchases using Bitcoin” because of the fossil fuels needed to run the network.  Cryptocurrencies running on the Proof-of-Stake consensus mechanism, which is more energy-efficient than Bitcoin’s Proof-of-Work mechanism, make up six …

Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins Read More »

“Rich Getting Richer in PoS Chains:” By Chainflow’s Chris Remus

Stake’s Not Decentralized (Yet?) There’s a lot of excitement in the staking economy these days. Existing staking networks are starting to attract developers and users. Staking networks continue launching at a fast pace. Staking token prices continue soaring in this current bull run. Yet this enthusiasm washes over an important weakness. Stake in these networks …

“Rich Getting Richer in PoS Chains:” By Chainflow’s Chris Remus Read More »

Risks and Rewards of Becoming an Eth2 Validator

The deposit contract for Ethereum’s new proof-of-stake chain was released today. If ~524k ETH is deposited this month, the new chain will go live on Dec.1. Potential rewards for contributing to that pile of ETH are enticing, but as is usually the case with high returns, there’s also high risk. So far, 5.7K ETH from …

Risks and Rewards of Becoming an Eth2 Validator Read More »