Top 5 Profitable Proof Of Stake (POS) Cryptocurrencies 2018
In this post I am showing you 5 Proof of Stake coins which are profitable in 2018 (and of course for the next years also). I’m not doing a full review on the coins itself, you can read that on the websites of the coins. So the first question would be. WHAT IS PROOF OF STAKE?
According to Wikipedia, Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus.
Distributed consensus simply means a large pool of people who are geographically segregated agreeing on something. In cryptocurrencies like Bitcoin, ‘something’ here means agreeing on which transactions or blocks are valid and which are invalid to be added/rejected to the blockchain.
Proof of stake is a typical computer algorithm through which some cryptocurrencies achieve their distributed consensus. It is also a better alternative to the proof of work algorithm by achieving the same distributed consensus at a lower cost and in a more energy efficient way.
A more understandable explenation is: You own a certain amount of coins and you will receive some sort of interest.
So if you own any coins that have POS, then you should start earning dividends, so let’s check it out.
NEO (trade on binance), formerly known as Antshares, is the first Chinese open-source blockchain project, tagging itself as a “distributed network for the smart economy”. NEO is also a cryptocurrency that exists on NEO’s blockchain.
Apart from the NEO cryptocurrency, NEO has one more crypto-token called GAS (formerly know as ANC or Antcoins) which can be staked in a NEO wallet for a handsome return and doesn’t require you to keep your staking wallets open all the times like in other POS cryptos.
The return one earns is in the form of NeoGAS, which is now worth $50 each (at the time of this writing). You can check the earnings on this page
PIVX (trade on binance) stands for Private Instant Verified Transaction. It is a POS cryptocurrency that focuses on privacy and security while transacting. This is a populair coin and I recommend to have some of these in your portfolio. I you have you can calculate the earnings on this page.
Another method for earning a good amount of PIVX is by running a masternode. Only downside is that you need 10000 PIVX which by now is almost unaffordable.
Reddcoin is a social currency and is aiming to integrate in all major social networks to make the process of sending and receiving money easy. REDDCOIN is still relative cheap so you can pick a good amount up on the exchanges. With a annual rate of approx 5% this is easy money. But make sure to keep the wallet open 24/7, otherwise you won’t be in the game for free REDDCOIN.
This is what the wallet with POS looks like:
NAV-COIN (trade on binance) is based off Bitcoin, but with faster transactions and the ability to earn 5% interest. Just buy some NAV-COIN, put it in your wallet and you are good to go. Other selling points of this coin is low transaction fee, highly active development team and anonymous transactions. Their transactions are performed over the NavTech technology and if you are interested you can read all about it here.
Another nice thing is that the wallet is leight-weight, and you can even run it on a raspberry PI
OkCash is another proof of stake cryptocurrency that started off in 2014. It aims to be a fast currency that can be used for microtransactions. They have wallets for all kind of platforms so take your pick.