Industry Leaders Discuss PoS

PoS (Proof of Stake) is a new invention as important as Bitcoin in the blockchain industry, but it seems unfamiliar to many people. Last Saturday, in a PoS CEO summit titled Brightenign the Future of PoS, held in Palo Alto, CEOs and blockchain companies thoroughly introduced the mechanism of prospect of PoS to attendees.

This CEO summit was hosted by InfStones, a blockchain cloud service company based in Palo Alto.

In the opening remarks of InfStones CEO Jonathan Shi, he said the company learned from data on the blockchain industry over the past six years that the total market share of the PoS blockchain
has a compound annual growth rate of over 50 percent.

According to Shi, the PoS blockchain's altcoin market share exceeded PoW(proof of work)'s altcoin market share for the first time in 2018.

“InfStones successfully took advantage of this changing market trend,” said Shi. “We manage more than 100 nodes on more than 10 mainstream blockchains. By the end of 2019, we will work on more than 12 new blockchains.”

Currently, the Infinity Pool of InfStones supports TRON and IoTeX blockchains with the highest settlement frequencies in the industry for the pool's participants. It will also support other mainstream PoS blockchains within this year, Shi said.

Following Shi's speech was the first panel discussion of the summit, titled Who Can Be My Node, which refers to the requirements for managing reliable nodes. The panel discussed in depth all the expectations blockchain project foundations may have regarding the nodes' infrastructure and their participation in the blockchain ecosystem.

The panelists included Maclane Wilkison, Founder of Nucypher, Dr. Raullen Chai, founder of IoTex, Scott Smiley, founder of ICX Station, and Daryl Hok, COO of CertiK. The moderator was Judy Yan, managing director of DHVC.

The hottest issue in the panel discussion was how a blockchain project foundation could appropriately utilize reserved tokens to develop the blockchain ecosystem.

The second panel discussion of the summit was titled Stake or Not. It was primarily about the design of the PoS blockchain economic model and the future development of PoS.

The panelists included Steve Wei, Founder of Top Network, Dr. Dong Mo from Celer, Dr. Stephen Tse, Founder of Harmony, Jim Jia, Founder of HashFuture, and Junjia He, VP of QuarkChain.

The panelists talked about staking as an investment method, which provides a transparent ROI (return on investment). It can satisfy different people's various needs when it comes to investment, and it demonstrates more flexibility than traditional finances.

After the second panel discussion, many attendees stayed around to communicate with panelists, showing strong enthusiasm about PoS.

Shi represented InfStones to thank everyone for the success of the summit. He said InfStones is planning to integrate more highly influential PoS blockchains with great potential and superior returns into the company's cloud platform to better serve and provide more choices for its customers.