Blockchain, the technology on which cryptocurrencies is built on has constantly being undergoing improvements and innovative developments to make them more beneficial to everybody on the crypto space. It is no longer news that Ethereum one of the biggest cryptocurrency has switch it consensus from the PROOF OF WORK Algorithm to the PROOF OF STAKE algorithm. Although they are already debate about which consensus is more beneficial, why we won’t debate that today. One of the most asked question is what is so special about Proof of stakes Cryptocurrencies? One of the major benefits of POS cryptocurrencies is that hodlers of these cryptocurrencies earn certain percentages for hodling these coins in a stakeable wallet. So, if you are a newcomer you need to know about these cryptocurrencies and how to earn by staking them in the right wallet.
Let’s talk about the 7 top most profitable POS Cryptocurrencies. Let me kindly put a disclaimer here that this is no investment advice or a suggestion to invest in any of these cryptocurrencies, if you wish to invest, you are doing so at your own risk or better still consult a professional cryptocurrency broker. Now that being said, let us take a ride.
Ethereum switched protocol on the 1st of November 20i7 to make room to solve some of the problems to reduce the electricity Ethereum requires to reach agreement on the state of transactions and contracts on the network. With this development, this official Ethereum one of the POS cryptocurrency to hodl. Although, Ethereum is currently a hybrid consensus of the bitcoin like proof of work and the proof of stake. Debates are ongoing as to whether this will have a negative impact on Ethereum but we will keep you posted as we follow their development process.
Dash also known as digital cash, which was built on the bitcoin core blockchain, DASH proposes itself as a peer-to- peer electronic cash which promises to as liquid as fiat and to be used in countries of the world like USD and others. With Some privacy features of PrivateSend and InstantSend Dash has risen of the first few cryptocurrencies to integrate Proof stake main stream. Dash also allows it’s Hodlers to earn reward by running a masternode. There are some group of person who have argued that Dash is not necessary a POS coin but the masternodes works like a POS.
Abjcoin is the first African pioneered cryptocurrency, listed on coinmarketcap and is doing so well, as a matter of fact, i ‘m one of the major investors in Abjcoin. Abjcoin has a total supply of 30 million Abjcoin and a circulating supply of 9 million, so the rest of the coins will be mined through staking with a 15% yearly reward. Abjcoin is already getting massive support from the African government who see it as a tool to foster economic growth in Africa. According to their published project roadmap which was published on their website www.Abjcoin.org they are playing host to the first blockchain/cryptocurrency conference in Africa. With lots of celebrities throwing their weight behind Abjcoin. This is one cryptocurrency you should consider staking. The proof of stake algorithm is a consensus that works for Africa due to the challenge of electricity and technical know-hows.
TICKER Symbol ABJ
Annual Return 15 %
NEO, formerly known as Antshares, is the first Chinese open-source blockchain project, tagging itself as a “distributed network for the smart economy”. (T
With it’s own blockchain, NEO also has a cryptocurrency and token called Antcoin. NEO can also be staked in a Neo wallet. The amazing thing about NEO is your coin can stake even when your wallet is open or not. Unlike other POS cryptocurrencies.
Ticker Symbol – NEO
Annual Return – Approx 5.5%
Staking Wallet – NEON wallet (or you can choose to stake NEO wallet from here)
Staking Calculator – https://neotogas.com
PIVX is an acronym for private instant verified transaction forked from DASH. PIVX allows users to both stake and Another way of earning thorough PIVX is by running a masternode of 10,000 PIVX units which also gives you an annual 5% return on your holdings. So if you have PIVX ins significant amount you can start right away staking them in a masternode from now.
Ticker Symbol – PIVX
Annual Return – Approx 4.8%
Staking Wallet – PIVX Desktop Wallets for staking
Staking Calculator – http://pivx.cryptonode.co/
Started in 2014 as POS cryptocurrency aimed at powering micro transaction.
For this, you just need to move your OkCash coins to a staking wallet, and it will start earning OkCash at a fixed percentage as a reward of minting blocks through staking. Another important thing is that you can stake any amount as there is no cap on it, thus making it low-barrier.
Ticker Symbol – OK
Annual Return – 10%
Staking Wallet – OkCash Desktop Wallets for staking
STRATIS is the native token (or cryptocurrency) which runs the Stratis platform and can be staked in a Stratis wallet to earn rewards.
Profit rewards are quite low for Stratis staking in comparison to its peers, but if you have a significant amount of STRAT, then you can think of staking it.
Ticker Symbol – STRAT
Annual Return – 0.5-1%
Staking Wallet – Stratis Desktop Wallets for staking