When it comes to protecting Crypto, consensus is everything. These algorithms build on the Proof of Work (PoW) concept by moving the responsibility of authenticating block transactions from miners to the coin holders themselves. Favoring those that have a ‘stake’ in the crypto, Proof of Stake (PoS) is considered an attractive alternative to the resource-heavy PoW approach. Instead of chewing up energy and computing power, PoS uses stakeholder resources, significantly cutting down carbon emissions. Once transactions start, the information is added to a new block and spread throughout the chain’s distributed network. This is then verified through assigned nodes who finish out the computational puzzle, with the first one to crack the puzzle receiving an award. Considered the future of crypto by many, PoS coins are greener, and secured through incentivization.
This list includes the top ranking cryptos that use PoS models. It does not include, however, hybrids of PoW and PoS. As always, this set of symbols does not constitute advice, and you should always do your own research before placing a trade.