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What is masternode staking

Masternode is a kind of network node holding the coins or tokens which verifies the transactions but it can’t create a new block. Masternode may be combined with Proof of Stake algorithm, Proof of Work, Delegated Proof of Stake, together it can be called a blockchain consensus mechanism.

Masternodes staking provides high rewards than the PoS types and it requires a minimum amount of tokens to starting a new masternode, these days high reward masternodes are too expensive to get started such as Dash, Energi, Zcoin, etc.

There are so many masternode staking coins exists, in this guide, I will include the trusted, established and popular masternode staking coins. If you are want to explore the potential masternode coins, check out Masternodes online.

Let's take a look at 5 best masternode staking coins wth huge potential to succeed in future,

01. Dash

Dash is a privacy-focused cryptocurrency for instant payments with high speed, near-zero transaction fees. Dash uses both Proof of Works and Proof of Stake consensus algorithm where PoS enables special features such as InstantSend, PrivateSend, and Username feature.

Ticker: DASH

Masternode collateral size: 1000 DASH

Approximate annual return: 6%

Where to buy DASH coin: Binance

02. Energi

Energi is the cryptocurrency for world adoption which consists of proof of stake consensus mechanism and masternode, smart contracts, and governing system. Energi self-funding treasury gives confidence of the Energi development and It will ensure the rapid growth of the Energi ecosystem.

Ticker: NRG

Masternode collateral size: 10000 NRG

Approximate annual return: 40%

Where to buy NRG: Kucoin

03. Pivx

PIVX is open source, a decentralized blockchain-based cryptocurrency focused on achieving fungibility, transaction privacy, community governance, network scalability, and real-world utilization to become one of the most technically advanced globally-accepted online digital currency.

Ticker: PIVX

Masternode collateral size: 10000 PIVX

Approximate annual return: 9%

Where to buy PIVX: Binance

04. Zcoin

Zcoin is a privacy-focused cryptocurrency which is used both masternode staking and Proof of Work consensus algorithm. Zcoin operates a multi-node model where Proof of Work nodes verify blockchain transactions and Masternodes store blockchain data.

Ticker: XZC

Masternode collateral size: 1000

Approximate annual return: 15%

Where to buy XZC: Binance

05. Blocknet

Blocknet is a second layer blockchain interoperability protocol that enables communication, interaction, and exchange between different blockchains. Blocknet also uses both Proof of Work and Masternode staking for facilities different features.

Ticker: BLOCK

Masternode collateral size: 5000 BLOCK

Approximate annual return: 13%

Where to buy BLOCK: Bittrex

Original source: What is staking coins and staking

Disclaimer, please do your own research before making any investment and this is not investment advice.