Proof-of-stake (PoS) consensus has been polarizing for many years. Many distributed systems engineers look to Bitcoin’s proof-of-work consensus as the standard and claim that PoS is not a secure way for a network to reach consensus. But PoS networks like Tezos and Cosmos are now well-established and the upcoming Polkadot and Ethereum 2.0 launches could soon push PoS into mainstream consciousness.One of the core features of PoS is its ability to give token holders rewards directly from the new token supply. In a fiat currency world that is currently punishing savers with zero-interest rate policy and indiscriminate money printing, PoS coins are an increasingly attractive alternative. Non-custodial staking products like Lunie and Polkadot.js are worth checking out and we hope to see more non-custodial products soon as this space evolves.
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1confirmation Newsletter - Issue #81
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Proof-of-stake (PoS) consensus has been polarizing for many years. Many distributed systems engineers look to Bitcoin’s proof-of-work consensus as the standard and claim that PoS is not a secure way for a network to reach consensus. But PoS networks like Tezos and Cosmos are now well-established and the upcoming Polkadot and Ethereum 2.0 launches could soon push PoS into mainstream consciousness.One of the core features of PoS is its ability to give token holders rewards directly from the new token supply. In a fiat currency world that is currently punishing savers with zero-interest rate policy and indiscriminate money printing, PoS coins are an increasingly attractive alternative. Non-custodial staking products like Lunie and Polkadot.js are worth checking out and we hope to see more non-custodial products soon as this space evolves.