Celebrating Earth Day: Most Promising Proof of Stake Coin in 2020 Ambassador Follow Apr 22 · 4 min read

Ever since Ethereum’s confirmed transition from Proof of Work to the Proof of Stake algorithm, the hunt for the hidden gems based on Proof of Stake technology has begun. Knowing that the world will get many new millionaires once Proof of Stake technology gets widely recognized and accepted, smart investors didn’t waste any time and started extensive research of the most promising Proof of Stake cryptocurrencies to invest in 2020.

Although mining wasn’t profitable for small miners for the past 2 years, mostly due to expensive electricity and low price of PoW coins, crypto investors needed some bigger reason to open their eyes and take a more serious look into the alternative Proof of Stake algorithm, which was ignored mainly because of the fear that it is “untested”. While it’s true that PoS might seem scary compared to the well-tested PoW that Bitcoin introduced almost 12 years ago, some projects recognized the advantages and benefits very early and pioneered the PoS. As soon as ETH goes PoS, it’s highly likely that more and more projects will start considering PoS adoption. Many altcoins that keep PoW might start entering a slow, but painful spiral of death.

Benefits of Proof of Stake:

Coincidence or not, this article is published exactly on Earth Day 2020. Proof of Stake is the best tech to celebrate it in style and remind everyone to stop taking the Planet for granted. Although this article isn’t primarily written for Proof of Stake vs Proof of Work discussions, the table below emphasizes the key differences between the two most recognized algorithms:

This article introduces the research results of Proof of Stake cryptocurrencies with the highest growth potential and highest risk-reward ratio. In other words, the biggest coins by market cap weren’t considered, as their growth potential is significantly lower than small-cap coins. Some of the key aspects taken into consideration while researching the best hidden gems were: low market capitalization, listing on at least one major exchange and high development activity.

1. PIVX

The clear winner of the analysis is PIVX. PIVX is a pioneer in Proof of Stake (PoS) technology since 2016. More mature crypto investors remember PIVX from early 2017 when it was a top 10 cryptocurrency by market cap, but a combination of unlucky events led to a Rank drop to 163, where it is now at the moment of writing this article. Since 2016, PIVX significantly improved their PoS and brought it to a whole new level. The most significant and unique improvement is Proof of Stake Time Protocol, which made block times much more consistent, while the network became more secure and it ensured much fairer block reward distribution. Another great feature is Cold Staking, which allows a person to stake while coins are safely stored on cold wallet like Trezor or Ledger. Interestingly, PIVX was one of the rare PoS coins that publicly celebrated Earth Day 2020.

Key information:

Only 14.6 million USD market cap.

Listed on Binance, Bithumb, Kucoin, Bittrex, LAtoken.

Estimated annual staking ROI: 7–8% per year.

Possible to Cold Stake safely.

safely. Even 1 PIV can stake and be able to win a block and receive a reward.

Soon to be the world’s first implementation of zkSNARKs based privacy on Proof of Stake algorithm. ( Sapling protocol )

) Ranked #7 by the number of commits on GitHub among all cryptocurrencies! (source: messari.io 22–04–2020)

by the number of commits on GitHub among all cryptocurrencies! (source: messari.io 22–04–2020) Former top 10 coin by market cap.

High probability to get added soon to Binance Staking.

Impressive Core Development team.

Conclusion:

Cryptocurrency markets are very volatile, risky and often move very unexpectedly, but they do offer high returns from successful projects. PIVX is definitely the most promising Proof of Stake coin available right now, even one of the most promising Masternode coins, but this article didn’t focus on Masternode coins. PIVX seems like the best bet right now, they have always delivered what they promised. In the upcoming 5.0 wallet, there are huge announcements coming from PIVX again, similar to those from early 2017 when the price exploded after the announcement of Zerocoin Protocol implementation. Things are different in 2020, there is no more hype based on pure promises, only the final products are rewarded. The thing about PIVX is that they always deliver what they promise!

As always — DYOR.

Disclaimer: I own PIVX and this is not professional investment advice.

Follow me on Medium if you liked my content and want to read more interesting stories.

PIVX Donation Address:

D6Jpzb8FLLjM6bMx9j9M3xQQboRVLuX7z7

BTC Donation Address:

3BMupBoUUrpjQcaw55nDkDMhdvRdDvrMqv