Lots of coins are offering POS opportunities. The recent one and I am finding profitable is token pay. RDD is one classical example how a POS coin may make you rich in sudden rush. But I have badly missed out it. I believe if I would have worked for RDD in faucets itself then by this time I might have own some 10 BTC work of coins as its price raised from below 10 satoshi to ~150 satoshi in recent times.
I did read that ETH may switch to POW+POS algorithm but I am not seeing it happening any time soon. So, instead of waiting for that, I like to suggest to go for any low value POS coins for longer term holding. (I am not marketing RDD coins nor any other coins. Please act at your responsibilities.)
Topic: Proof of Stake - page 2. (Read 1798 times)
Peercoin is a pure proof of stake coin, and it is the first POS coin. All the other coins are copied and changed from peercoin.
Not exactly correct. Proof of Stake had many inventors. At the time Peercoin was announced, there were already discussions in this forum about other Proof of Stake concepts. NXT, for example, was modeled with an earlier PoS implementation in mind. Examples for early PoS discussions:Proof of stake instead of proof of work (July 2011)
Proof of stake (March 2012)
Peercoin was released in August 2012 (see here). I don't want to dispute its historic significance, but it wasn't the only PoS protocol being discussed at that time.
[...]ADA[...]
It's not just PoS.. it's DPos as I understand and it uses the new peer reviewed protocol Ouroboroshttps://www.iacr.org/conferences/crypto2017/acceptedpapers.html , p.71
https://whycardano.com/
Peercoin is a pure proof of stake coin, and it is the first POS coin. All the other coins are copied and changed from peercoin.
There is proof of stake token on etherdelta i learnt they just finished very rigorous and discipline airdrop. I bought some and I minted 10 token in about 3days. Pos is the ticker!
Pretty sure Ark is proof of stake as well.
There is a token called pos token! It is been airdrop right now and the price is very impressive on ED! The aim of that token is to be able to earn more token by pos mining. If you can get some of it I think it will have a lot of value in the future.
Bought some Neblio, I like this coin. On Cryptopia has the first 24 Volume several days in a row. Now going to Hitbtc.
CRAVE and PIVX are my top choices for 100% proof of stake coins, there's many others though.
Had no idea ADA was PoS, thanks guys.
I'm also looking for good PoS coins, but they often require an important amount purchased to be interesting/rewarding.
I'm also looking for good PoS coins, but they often require an important amount purchased to be interesting/rewarding.
However, in ADA we're still at the bootstrap era. Once we go on reward era (Q1 2018) and actual staking will commence, rewards will be specified along with the computation layer which will be capable of doing smart contracts under K framework. If that does not excite you I don't know what will.
It's not just PoS.. it's DPos as I understand and it uses the new peer reviewed protocol Ouroboros
https://www.iacr.org/conferences/crypto2017/acceptedpapers.html , p.71
https://whycardano.com/
I guess most of coins with pos were already named here. As for the question about ethereum, it's actually a very good one, since ethereum must go pos some day, it can't remain pow forever. Ethereum byzantium hardfork is sort of ongoing and claimed to be stable, but I'm not really sure anything has changed. The block reward is 40% decreased and the difficulty bomb will explode in a year or so. Thus, eth is still mineable and will not become pos until 2018.
Vcash sports Proof of work at 0.7% per year. Low inflation and 5 digit coin supply. Worth checking imo.
You can make money from Pivx as a POS. Even if you have a lot of money, you can make more money by installing Master Node. So if you have money, there is no obstacle in front of you to make more money. I think Ethereum will also be in PoS soon.
Good article, many thanks!
My favorite high interest rate staking coins are Crave, 808, Rain, 1337, Triangles and InflationCoin.
I never received any payments for Fluttercoin or Embercoin so may sell out of them.
This article has a number of thoughtful points regarding staking and the mechanics of doing so. Like they suggest I also use laptops in order to minimize electricity consumption. https://medium.com/@JiuCrypto/thinking-out-loud-about-pos-coins-and-passive-income-in-crypto-101e6735b651
I never received any payments for Fluttercoin or Embercoin so may sell out of them.
This article has a number of thoughtful points regarding staking and the mechanics of doing so. Like they suggest I also use laptops in order to minimize electricity consumption. https://medium.com/@JiuCrypto/thinking-out-loud-about-pos-coins-and-passive-income-in-crypto-101e6735b651
Had no idea ADA was PoS, thanks guys.
I'm also looking for good PoS coins, but they often require an important amount purchased to be interesting/rewarding.
I'm also looking for good PoS coins, but they often require an important amount purchased to be interesting/rewarding.
However, in ADA we're still at the bootstrap era. Once we go on reward era (Q1 2018) and actual staking will commence, rewards will be specified along with the computation layer which will be capable of doing smart contracts under K framework. If that does not excite you I don't know what will.
There are literally dozens of Proof of Stake Coins. POS is next to POW as preferred method in "mining" new coins to be circulated in the blockchain. Pure POS includes holding a certain amount in your wallet and keeping it open, you will be rewarded coins depending on your network weight. POS cryptos differ on ROI rate. One coin I've seen with a large return is DeepOnion. It's currently paying out 10% per year for staking. What's good is that it's not a pure POS coin, it's a hybrid POS/POW coin so it's more decentralized in a sense that not a large amount of bagholders own majority of network stake. They are also airdroppping it as of the moment so it gets distributed to a larger number of people.
There are other types of POS such as DPOS (Delegated Proof of Stake) - you vote for a delegate to "stake" for you, instead of you staking the coin directly. Your reward comes from the delegate whom you voted. He is basically paying you back for the vote you placed on him. You can check on the Javascript based cryptos like LISK and RISE for this type of staking.
There are other types of POS such as DPOS (Delegated Proof of Stake) - you vote for a delegate to "stake" for you, instead of you staking the coin directly. Your reward comes from the delegate whom you voted. He is basically paying you back for the vote you placed on him. You can check on the Javascript based cryptos like LISK and RISE for this type of staking.
There are so may currencies which offer staking. Try new coins because they are low on price and thr is a better chance of having good staking amount, if they survive and become a wealthy currency later on, you will have some good income. This is my strategy and I am doing this.
There is so many coins that is proof of stake. Neo is actually not a proof of stake as you are not required to have your wallet open and online all the time to have to do the work. You can just off your computer while your neo is still generating gas for you 24/7. The current more popular proof of stake coins are buzzcoin, gokucoin etc. They generate high returns so it is gaining a lot of notice.
BlackCoin, VeriCoin, PeerCoin to name a few of the old ones that managed to survive until today. I still believe we are going to see a PoS revival soon so started building positions in these old coins while they are heavily discounted at the moment.
Had no idea ADA was PoS, thanks guys.
I'm also looking for good PoS coins, but they often require an important amount purchased to be interesting/rewarding.
I'm also looking for good PoS coins, but they often require an important amount purchased to be interesting/rewarding.
There are a lot of proof of stake coins. The two that comes to my mind right away are Stratis (STRAT) and Insane (INSN). Stratis does require around 20,000 to 25,000 STRAT to stake around 1 STRAT per day. It's a pretty large investment but will pay off in the long run as the price increases.
I don't think this make any financial sense, the risk to not worth the reward, there are better project to invest in their POS that will give far better reward than Stratis
It alternative proof of work. Proof of stake is the attempt provide consensus privation. Become it will create forks. It external resource for proof stake. with probable of mining a block depends on the work. It will compare the amount of bitcoin mining is 1% of bitcoin hold for the proof of stake. It will know hoe to get the profit and you will have the proof for the getting bitcoin profit.
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