Back in the days (which means ie 4 years ago) there were two types of coins mostly - the ones using PoW (Proof of Work) which is mining and ones with Proof of Stake - staking.
To stake means to move coins to wallet from exchange and then keep wallet open. The coins will try staking and this way will grow.
The first coin that i recall that staked was PPC - Peercoin. Its still alive but you need a really big stake to get anything there.
The first coins i was staking a lot was HBN and just lately i re-runned my wallet with really a little coins (sold most when it was 10x more expensive) and started staking.
Just with 200 coins i was capable of doubling that to 400.
The coin is not worth much but oh the memories.. priceless!
I doubt this coin will rise but it just reminds me of this and i know many readers of mine are new to crypto so wanted to explain this a bit.
Here is another coin that has PoS (it also has Masternodes like DASH but its not about that) is EXCL.
It mines 0.5 EXCL per block.
Its actually trading good now and we have it even on Bitshares - OpenLedger.
So mostly all this coins work the same, just have different stake options and such. You buy them, put to wallet, keep it open and await money.
Here are some other PoS coins that you may wanna check:
- RDD
- BLK
- DMD
- HYPER
- CLAMS
- NVC
Worth to note, Ethereum is going to change its mining to PoS in the future, but we have no date yet.
Next time i will write about masternode coins, to mine with masternode its more expensive but its also a good form withotu buying ASICs.
Know other PoS coins? Leave them in comments, esp with your stake screens :)
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