Most cryptos have been adopting the POW, in this article, we will discuss some that are worth having in your wallet.
Proof-of-stake (POS) consensus has become a more widely favored option than the typical Proof-of-work (POW). This is because of its access to speedier transactions at a relatively lower cost. Most cryptos have been adopting the POW, in this article, we will discuss some that are worth having in your wallet.
ApeCoin (APE) has reached a market value of over $4 billion around April 2022. For a token that was created in 2020 having 10 billion coins, its indeed come a long way to become successful. ApeCoin (APE) is being traded on top crypto exchanges including Binance, OKEx, and more.
ApeCoin (APE) developers created a unique purpose-built blockchain with the aim of being fast and swift in mind. They have a Delegated Proof-of-Stake (DPoS) consensus as well as make use of unique staking systems to offer rewards to their users.
ApeCoin (APE) has a totally different model of staking from all other DPOS networks because it doesn't need a specified minimum amount of coin to be staked before one can access it. To offer users the ability to access speedy, fast transactions at a low cost, the platform could remain a household name in the world of crypto.
ApeCoin (APE) holds the record as the most valuable NFT coin on CoinMarketCap. It's followed by Theta Network (THETA), which ranks in the top 50 for coins with high market value. Theta Network (THETA) has just 1 billion Theta tokens already supplied in the market.
CashFi (CFI) promises to build users the ideal ecosystem for offering top-quality NFT, liquid staking, and synthetic asset services. Of course, this is not an easy feat to achieve and the developers must understand this. As a result, CashFi (CFI) developers entered into deep research and have been assessing the market, watching the massive interest in POS tokens and initiatives.
The POS consensus has been implemented by top crypto leaders including Solana (SOL) and Cardano (ADA). CashFi (CFI) was able to uncover essential traits that feature in functional POS ecosystems. As a result, their staking system should be as good if not better than some of the competitors on the market. They also offer better efficiency in energy usage than some other cryptocurrencies thus supporting a greener Earth. The liquid staking market was recently introduced thanks to POS, it's seen massive appreciation and upsurge since then.
Right now, the liquid staking market has a market cap of around $11.7 billion. Since 2021, liquid staking has seen a 1000% rise in value, and it's all because of the advanced expansion of the system. The fact that it offers unrestricted access to assets that have been staked in the Defi industry as well as those still on the staked duration, makes it a pioneer to revolutionize the current staking design.
CashFi (CFI) developers plan to bring POS asset currencies to the Defi ecosystem where it will have a market value that's bigger than its aggregate Total Value Locked or TVL.
CashFi (CFI) aims to use its advanced POS system to revolutionize the crypto world and offer its users more services.
Terra (LUNA) is one of those decentralized payment networks using POS that has coins that are pegged to other currencies such as the dollar. Terra (LUNA) functions as a form of an open market for most stable coins. This means you can easily come here to buy or sell anyone you want at any price of choice.
The aim is to offer incentives to users that want to get into new markets (Africa and China). With the number of people using the currency increasing, its value increases with it. And, subsequently, the higher the chances of major businesses accepting them as forms of payment.
All of these crypto use cases in the POS consensus continue to make the system more popular with unique offerings.
Research CashFi here:
Website: https://cashfi.finance/
Telegram: https://t.me/CashFi_Token
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.