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.

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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?...
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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 ...
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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 ...
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1answer
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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 ...
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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 ...
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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 are no longer valid ...
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1answer
393 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 ...
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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 ...
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2answers
505 views

Random election proof of stake

There are currently many cryptocurrencies based on PoS (Proof of Stake). All these PoS algorithms differ from each other. Some or maybe all of them (I don't know) implement some kind of random ...
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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 ...
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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 ...
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1answer
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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 ...
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1answer
262 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 ...
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“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." ...
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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 ...
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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 ...