Tags: Proof-of-stake

Screenshot from the new "Verify" tool showing a successful authentication – with transaction hash – of a Fox News article. (VerifyMedia/CoinDesk)

Polygon PoS Now Supported By Amazon Managed Blockchain Access

The POSA updated its staking principles to say that providers should communicate clearly and not control the amount of liquidity a user must provide.

Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting.

The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline.

Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve.

The Proof-of-Stake consensus mechanism is an alternative to Bitcoin’s energy-hungry Proof-of-Work, but the downside is that it’s extremely capital-intensive, with each individual chain requiring millions of dollars worth of staked assets to ensure strong security. 

One year after the Ethereum Merge, Grayscale has finally made the decision to abandon all the rights to proof-of-work Ethereum tokens.

Critics often overlook the inconvenient fact that “decentralized” blockchains in fact depend on centralized points of failure that have the potential to corrupt entire ecosystems.

Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia

SSV.network launches distributed validator technology network with more than 10 partner staking DApps to help decentralize Ethereum staking.

DeFi exploits resulted in losses of over $16 million in August.

The 22 self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization.

Galaxy Digital is set to manage the sale of bankrupt FTX’s crypto holdings and facilitate the staking of certain tokens to generate passive yield.

The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain "dominion" over the tokens.

Discover the contrasting functions of DApps and protocols in the blockchain world, and gain insights into how they contribute to the growth of decentralized technologies.

Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig – which are still “fairly difficult” to set up.

Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance.

Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low.

The proposal received mixed reactions from the crypto community, with some users stressing that it would make the network more centralized.

Stanford University professor David Tse has pioneered a way to use Bitcoin to secure proof-of-stake blockchains.

ETH use in DeFi is down due to an uptick in staking, but rapid growth in LSDfi could be a bull market catalyst.

The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses and the high APR offered on ETH staking.

Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things.