Stack Exchange Network

Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [proof-of-stake]

Proof of stake is an alternative consensus mechanism that adapts mining success chances with the proportion of the cryptocurrency's tokens held by the miner.

7
votes
2answers
512 views

How does a mix between Proof of Work/Stake work? (Peercoin)

I think I understand Proof of Stake and Proof of Work from a conceptual point now. For themselves both are good ideas for sure, but how would a crypto currency like Peercoin (PPC) combine both of them?...
4
votes
2answers
691 views

What is special about a private blockchain based on proof of stake?

I recently came across a paper published in 1988 called "A quorum-based commit and termination protocol for distributed database systems". I could not read it because it is not free, but to me this ...
3
votes
2answers
282 views

Who does the work in proof of stake (POS)?

I heard about proof of stake lately, and people are saying you don't need GPU or any mining power, as long as you have the coins, they will generate you more coins (more coins you have, more earnings ...
0
votes
2answers
44 views

I am just wondering what are the methods which can hide all the transactions and also able to validate transactions in an block chain?

I am new to block chain and was looking at how block chain work mainly proof of stake based . They check validity by going through all the transactions which is something concerning as everyone can ...
3
votes
1answer
2k views

Forking PIVX - ERROR: CheckBlockHeader() : proof of work failed

I have forked PIVX and generated new genesis block hash, merkle root and nonce, and changed the rewards parameters. It compiles fine and the daemon starts, I have even got 2 nodes connected, but ...
1
vote
1answer
47 views

Sorry newbie, I dont get the PoS block creation, to much contradiction

I am sorry for the repeat question but I cant find a clear answer. Most of the time PoS isnt explained in detail (only explaining the advantage) and a lot of sources contradict each other and now I am ...
1
vote
1answer
287 views

How can I simulate ProofOfStake (PoS) for a testnet (clone of Pivx)?

After the end of PoW blocks, I am unable to mine using PoS. Here is my setup. 1) Server with the following config file. server=1 daemon=1 listen=1 rpcuser=user rpcpassword=password 2) Two clients ...
0
votes
1answer
54 views

In a Proof of Stake (PoS) mining scheme what prevents miners from producing many more blocks or inflating the currency?

In a traditional Proof of Work (PoW) scheme it's assumed it takes some amount of time to compute the PoW function, such as SHA256x2 in Bitcoin and the difficulty increases as the network is capable of ...
0
votes
1answer
201 views

How to start Proof-of-stake phase after pre-mining the coin in Proof-of-work phase?

I am learning to develop a new cryptocurrency on my own, for the same i decided to develop a Proof-Of-Stake coin, I forked the Okcash for this purpose. And was able to change the coin according to my ...
0
votes
1answer
35 views

Validation methods beside POW etc

Are there other concepts for the validation of the next added block to the blockchain beside POW, POS etc.? Of cource there are, but is there a methode that is shining out of the mass? A methode that ...
-1
votes
1answer
74 views

PoW/PoS/Masternode blockchain

After mining some blocks as premining and once POS is started, is it possible to stop the chain altogether (turning off all the nodes) and restart at some point in near future? From the technical ...
2
votes
0answers
22 views

How the process “ lock a certain amount of coins into the network as their stake” achieved technically in the Proof of stake algorithm

i am trying to understand deeper the proof of stake algorithm. i think i understand the basics but i am struggling to understand how this achieved thoroughly under blockchain network and how the nodes ...
2
votes
0answers
184 views

How does Proof of Stake prevents dishonest behaviour compared to PoW?

I know that in Proof of Work (PoW) once a node has found the solution (the nonce) they announce it to the network. Then the rest of the nodes can easily verify the correctness of the block hash and ...
2
votes
0answers
621 views

PoS coin is producing conflicted chain after merging with upstream developments

I'm sorry about the title, but I could not think of a more condensed way to describe this problem. I forked an older version of blackcoin a while back to make a test altcoin for fun. I have been ...
2
votes
0answers
102 views

How do the Peercoin nodes verify a new block found by proof-of-stake?

Is the method for verifying a new block found by proof-of-stake minting the same as if it were found by proof-of-work mining?
2
votes
0answers
73 views

How does a Peercoin node announce a new block found by proof-of-stake?

Is the algorithm the same as it is in the case of proof-of-work?
1
vote
0answers
39 views

Proof-of-Stake: How to ensure immutability of the blockchain?

In Proof-of-Work, a miner tries to solve PoW puzzle based on the hash of previous block, such that in case of changing block B_i, all blocks after that (blocks B_i+1, B_i+2, ...) are no longer valid ...
1
vote
0answers
25 views

Failing to create a new address to be used for receiving staking rewards whenever a generated block is accepted

Our problem is that we need to get a new address on each stake. What I've tried so far is: Generating a new address right before a block is accepted and try using it to receive the stakes, but that ...
1
vote
0answers
51 views

Does PoS forging require having private key on the computer connected to the internet

Does PoS forging require having private key on the computer that do actual forging process? If it depends on the realization of specific cryptocurrency, please, give some examples of such ...
1
vote
0answers
41 views

What's a good repo to fork if you want to create a blockchain like a “Math” coin or Curecoin. (mining equations, not hashes)

I want to create my own crypto currency and I want to know what's the best github repo to fork when it comes to making a blockchain that's based off of getting the miners to do mathematical ...
1
vote
0answers
59 views

What role does stake play in finding a PoS block specifically?

How does staking more PPC increase one's chances of finding a valid PoS block?
0
votes
0answers
14 views

“consensus over state” vs. “consensus over events”?

Does someone know what is difference between "consensus over state" and "consensus over events" ? I found just title of a reference i.e. "Ian Grigg, blog post “The Message is the Medium,” 2017." ...
0
votes
0answers
70 views

PoS and Block Reward in Ethereum

In Proof of Stake system, is there a block reward for creating a block? Is the reward much smaller than PoW based system? Or under the system, all coins are already distributed and the block producer'...
-1
votes
0answers
96 views

Proof of Stake: How do network avoid malicious node

As I understood about Proof Of Work: A node verifies transactions in all block. Then that node also solves a hard problem. After solving successfully, that node will sends new block to whole ...