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Staking Pools for different Altcoins

Proof of Stake pools, the future of the blockchain? Stratis, Linda, Vsync, PivX, Reddcoin and other PoS coin holders can team up in the PoS pools and start Mining , generating higher rewards every day.

What is Proof of Stake (PoS)?

Proof of Stake (PoS) was first published in 2012 in a paper by Sunny King and Scott Nadal.

With the proof of Stake (PoS) algorithm, cryptocurrency is not created by solving mathematical tasks, as with proof of work, but by holding coins in your wallet.

The owner of the crypto currency uses the coins to validate the transactions on the Blockchain and thus participates in the security of the network. In return, you get a kind of interest, which is different for each crypto-currency and is usually around 2 and 10 % per year.
For example, if you hold 2% of a particular digital currency, you can validate 2% of all transactions. Crypto currencies using the Proof of Stake (PoS) protocol include Stratis, LINDA, Vsync, PivX and Reddcoin.

Top Staking-Pools

Advantages of using a staking pool...

  1. No wallet installation for staking is required
  2. No power costs, no need to run your computer
  3. The pool makes all advanced coin control decisions
  4. The reward time is much shorter
  5. The staking-pool rewards are higher
logo of staking pool stakecube.net

STAKECUBE

The stakecube.net members with a share of the coin receive 97% of each reward generated. One percent is added to the pot for Airdrops and the lottery and is regularly credited to all users. Rewards are used to 2% to cover the costs for affiliates, servers and employees..
17
Proof of Stake Pool Coins
10
Masternode Pools
Visit Stakecube
logo of staking pool stakeunited.com

STAKEUNITED

The stakeunited.com fees are low! Only 3% of each stake you receive and 5% of the Master Node rewards will be charged for all services. This includes server costs, system administration, bank transfers and salaries for employees. There are no fees for deposits and withdrawals.
33
Proof of Stake Coins
5
Masternode Pool Coins
Visit Stakeunited
logo of staking pool stakinglab.io

STAKINGLAB

The fees on stakinglab.io are low! Only 3% of each stake you receive, 5% of the Master Node rewards and 7.5% of the Instant Node rewards will be charged for all services. This includes server costs, system administration and salaries for employees. There are no fees for deposits and 0.1% for withdrawals.
19
Proof of Stake Coins
29
Masternode Pools
Visit Stakinglab
logo of staking pool simplepospool.com

simplepospool

Only 1% fee at simplepospool.com until the end of 2018, after that return to 3% of all stakings from POS coins and 5% from masternode rewards that contribute to maintain this service. E.g. server payment.
20
Proof of Stake Coins
22
Masternode Pools
Visit Simplepospool

What is different between Proof of Stake and Proof of Work?

The difference between Proof-of-Stake and Proof of Work is the validation of the transaction on the block chain. The blockchain is a decentralized database that is spread over a network. There is no central authority to confirm transactions. We need a consensus algorithm that is very difficult to manipulate. At the same time, these also ensure the necessary trust in the network.

network proof of stake pool

The Pros and Cons of PoS and PoW

Both protocols have advantages and disadvantages. The Proof-of-Work (PoW) protocol is attackable with the so-called 51% attack. If mining pools reach 51% or more of total mining power, the stability and security of the network can be compromised.
The Proof of Stake (PoS) protocol is much cheaper. Ethereum (cryptocurrency Ether) plans a partial conversion to the Proof of Stake algorithm.
With Proof of Stake (PoS) protocol, the participiants with a high amount of the cryptocurrency are preferred. This is where the Staking Pools come on the move. It is easier to keep $10,000 together in one crypto-currency, for example. With this you could validate ten times more blocks. Instead of each individual holding $1000 in a cryptocurrency


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