As you know, digital currencies and blockchain technology are in great need of a general consensus of their community, since they imply the absence of regulatory central bodies.
Changes in the distributed registry of blockchain networks should be agreed upon by the majority of people in this community.
In order to achieve such a consensus blockchains most often use algorithms Proof of Work or Proof of Stake .
In general, both algorithms are designed to show that some work has been done to verify a particular transaction, and that it is not fake.
Cryptocurrencies that work on the protocol Proof of Stake
If you choose coins with a more modern PoS protocol, then ideally, you probably want to get the best ones. In this article we will talk about the most profitable of them, which you can immediately purchase.
1. DASH (DASH) is a very popular cryptocurrency, which is also often called Digital Cash, and which is one of the first digital currencies to implement the PoS consensus mechanism.
DASH is a unique cryptocurrency that used the main Bitcoin code, adding additional privacy features and speeding up transactions using the InstantSend and PrivateSend protocols.
DASH positions itself as decentralized electronic money and claims the same liquidity as real fiat money – the dollar, euro, pound or yen, which we usually use.
2. NEO (NEO ) is a coin from a leading Chinese blockchain startup. They call themselves the “decentralized network for a smart economy.” The name NEO simultaneously refers to a startup, a coin, and a blockchain. In addition to NEO, the system allows you to use another coin called GAS.
3. PIVX (PIVX) means “instant transaction private transactions” and is considered a confidential token – the fork DASH, which was launched in 2016.
Unlike most other PoS projects, PIVX has no restrictions on the starting rate of coins, which allows you to deposit any amount into the system.
4. Lisk (LSK) is a platform that allows anyone to create decentralized applications based on the programming language JavaScript. Usually, for most blockchains, knowledge of the Solidity language is required, however Lisk means creating applications in a simpler and more common language.
5. OkCash (OK) is a cryptocurrency startup that was founded in 2014 and was one of the first to start using PoS.
The coin offers a controlled way to process transactions and seeks to become a universal payment system. Like many, the project started with PoW, before the coin moved to PoS.
6. NAVCoin (NAV) is a unique coin that uses two blockchains. Like OkCash, NAV was launched in 2014 and took Bitcoin code as a basis. The “double blockchain” is used to speed up transactions and improve their security.
7. ARK is a service that allows you to connect blockchains using SmartBridge technology. Like in Lisk, ARK uses “delegated” PoS, although there are only 51 delegates in this blockchain.
8. Stratis (STRAT) is a business-oriented blockchain. It is intended for those who want to develop their own blockchain application, however, they do not have special knowledge and skills on the blockchain.
Stratis is compatible with C # and other known programming languages.
In addition, Stratis has good scalability, as it can use sidechains to verify transactions. This project also moved from PoW to PoS.
9. Reddcoin (RDD) aims to become a coin for social networks. Using Reddcoin cryptocurrency, users can reward anyone for creating interesting content on social networks.
This is a PoS-cryptocurrency, which can also be moved to a regular cryptocurrency wallet.
10. Neblio (NEBL) is a new generation blockchain solution that allows you to create tools and services so that any company can create fast and secure blockchain networks for themselves. Neblio is also based on the PoS mechanism to protect the data of the created networks.
Publication date 28.01.2019
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