Proof of Stake involves the purchase of a specific cryptocurrencies and keeping them in a wallet. It akin to keeping your money as fixed deposit account and earning a defined interest over a period of time. Why Proof-of-Stake Cryptocurrency? Proof of stake cryptocurrencies possesses multiple benefits. “Staking” aims to produce the same results mining will produce with none of the humongous energy that is dedicated to mining, i.e., just by holding on to this proof of stake coins you can turn a pretty decent return on investment.
Besides, unlike mining which requires considerable upfront investment , the entry barrier for most staking is quite low. It also incentivizes the user to hold the coins instead if selling them which essentially promote the stability as well as the growth of the coin value.
Now that we’re up to speed on what Proof of Stake cryptocurrencies are all about, this open list will aim to provide a comprehensive list of the most profitable / user friendly Proof of Stake cryptocurrencies obtainable. The Proof of Stake cryptocurrencies that make this list should be the best of the pack, the crème de la crème of all the Proof of Stake cryptocurrency.
We have provided a few examples as the starting point, but that doesn't mean that they are the best of them all. We don't have all the experience working with every possible Proof of Stake cryptocurrency out there , so hopefully we can use a little help from the community, leveraging on the community wisdom and experience to curate the most comprehensive list of the Best Proof of Stake cryptocurrency.
Everyone is free to submit but please follow a few rules below to ensure successful submission.
- Please provide a brief description of the cryptocurrency that you are submitting.
- Please make sure that the description is original and wasn't copy and paste from elsewhere.
- Please include the following few information when submitting ( Cap for staking, Ticker Symbol, Annual Return, Staking Wallet Link, Staking Guide Link, Staking Calculator [if any])
- We reserve the rights to modify and update your content accordingly.
That's all, let dive in!
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1 NAVCOIN
Navcoin is one of the very first privacy-focused cryptocurrency that introduced Proof Of Stake as the consensus algorithm. It is based on the latest version of Bitcoin Core. You will have to keep your wallet open and unlocked in order to stake. The wallet can either be a NavPi or a core wallet. Like most of the POS coins mentioned in the list, staking gives an annual return of around 5%.
- Cap for Staking: No
- Ticker Symbol: NAV
- Annual Return: Max 5%
- Staking Wallet: Core Wallet / NavPi
- Staking guide: NAV Coin Proof of Stake Informational Guide / A guide by Navtechservers.com
- Staking Calculator: NAVCOIN Staking Calculator
- Consensus Algorithm: Proof Of Stake
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2 OKCASH
Two year ago, if you’re looking to find the most returns on investment via staking, OKCASH might extremely interesting to you. They started with a whopping annual return of 20%, little other proof of stake crypto coin comes close to this level of returns on investment. Not long ago in 2018, they halved their rewards from 10% to around 5% which is quite a good return when compared to its counterparts. All that needs to be done is to put your OKCASH into a staking wallet and watch your money grows.
- Cap for Staking: No
- Ticker Symbol: OK
- Annual Return: 5.00 % ( Rewards recently halved )
- Staking Wallet: OK wallet
- Staking guide: OKCASH Staking
- Staking Calculator: N/A
- Consensus Algorithm: Proof Of Stake
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3 STRATIS
Stratis is a blockchain platform which primarily targets enterprise businesses and financial instituitions, enabling them to develop decentralized applications with ease on private and specific blockchains. The ticker symbol of Stratis is known as STRAT. An added advantage to this coin is that there are no limits in staking. With an annual return of 0.5-1%, it is pretty low but worth the hassle if the coin is possessed in large quantities
- Cap for Staking : No
- Ticker Symbol : STRAT
- Annual Return : 0.5-1%
- Staking Wallet : Wallet version 2.0.0.3
- Staking guide : How to Stake Stratis Tokens using the Official Wallet Client
- Staking Calculator: StratisPool
- Consensus Algorithm: Proof Of Stake
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4 NEO
Operating with a delegated Byzantine Fault Tolerance (dBFT), which is a sort of a proof of stake, NEO is one of the really innovative cryptocurrencies to make this list. You also get an entirely different coin as rewards for staking. The cryptocurrency called NeoGAS is what is gotten as rewards for staking and it is worth knowing that based on market cap valuation, GAS is the 75th largest cryptocurrency at the time of writing. Also, with an annual return of almost 5.5%, it’s an investment worth the risk.
- Ticker Symbol : NEO
- Annual Return : Around 5.5%
- Staking Wallet : NEON Wallet
- Staking guide : How to stake NEO
- Staking Calculator: NEOtoGAS
- Consensus Algorithm: Delegated Byzantine Fault Tolerance
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5 Reddcoin
Reddcoin provides a decentralized tip platform that enables public to send and receive reddcoin on major social networks to anyone across the globe. It leverages on an innovative algorithm, Proof of Stake Velocity, which essentially encourage both coin ownership (Stake) as well as coin utilization (Velocity). There is also a no limits staking with this cryptocurrency. With an annual return of almost 5%, this is a good coin to invest in. An innovative algorithm that encourages both ownership (Stake) and activity (Velocity).
- Cap for Staking : No
- Ticker Symbol : RDD
- Annual Return : Approx 5 %
- Staking Wallet : Reddcoin Core wallet Download
- Staking guide : Beginners guide to staking with Reddcoin
- Staking Calculator: Reddcoin Stake Calculator
- Consensus Algorithm: Proof Of Stake Velocity
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6 PIVX
PIVX is short for Private Instant Verified Transaction. PIVX is a proof of stake cryptocurrency that focuses on privacy and security. In the beginning of 2016 was when PIVX was forked out of DASH. A great advantage of it is its low entry barrier considering that there is no limit to the amount of this cryptocurrency which can be staked at any given time. However, you are required to keep your wallet active. Alternatively you can run a masternode if you have more than 10,000 PIV with you and you have the necessary knowledge to set up one. With an annual return of approximately 4.6%, it is definitely worth a try.
- Cap for Staking : No
- Ticker Symbol : PIVX
- Annual Return : 4.6%
- Staking Wallet : PIVX Wallet
- Staking guide : Staking Setup Guide
- Staking Calculator: Cryptonode
- Consensus Algorithm: Proof Of Stake
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7 LISK
Lisk utilizes a delegated Proof of Stake system. Its mode of operation works in a way that only the top 101 delegates get to do the staking. The delegated are decided by a vote on a rolling basis decided by the community. 1 LSK is equivalent to 1 vote and voting is unlimited i.e. it can be done with as many LSK coins as are available to any given individual.
- Cap for Staking: No
- Ticker Symbol: LSK
- Annual Return: Dependent on the pool ( Check out the calculator below )
- Staking Wallet: LISK Hub
- Staking guide: How to Stake Lisk
- Staking Calculator: Lisk Staking Calculator
- Consensus Algorithm: Delegated Proof Of Stake
The post Ultimate List of Top Proof of Stake Cryptocurrencies In the Market appeared first on Cryptoverze.
