Proof of Stake (POS) coins reward coin holders for securing the network. Those who deposit and hold POS coins in their wallets are eligible to receive rewards. The more coins a user holds the more rewards they can receive. Today we are examining the top 3 coins that plan on implementing a Proof Of Stake system soon.
1 Ethereum
The Casper upgrade plans to begin moving Ethereum into a full proof of stake system.
The First Version of Ethereum's Casper Upgrade Has Been Published
https://www.coindesk.com/first-version-ethereums-casper-upgrade-published/
2 EOS
EOS a decentralized application operating system that plans on competing with Ethereum is still in its ICO phase and their blockchain launch on June 1 2018 is currently being orchestrated by their community. EOS will run on a delegated proof of stake (DPOS) system and will offer EOS holders the opportunity to earn rewards and vote for block producers who secure the network.
Understanding EOS and Delegated Proof of Stake
https://forums.eosgo.io/discussion/348/understanding-eos-and-delegated-proof-of-stake
Official EOS Website
https://eos.io/
3 Cardano (ADA)
Cardano (ADA) is the first scientifically peer reviewed blockchain. ADA's Ouroboros proof of stake system is said to be in the works and should be available this year if not already.
OUROBOROS PROOF OF STAKE ALGORITHM
https://cardanodocs.com/cardano/proof-of-stake/
INTERVIEW: CHARLES HOSKINSON CARDANO (ADA)
https://steemit.com/cardano/@champagnecrypto/interview-charles-hoskinson-cardano-ada
What do you think about Proof Of Stake coins? How do you expect these coins to perform once their POS systems are implemented? Please leave your comment below.
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