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Top Three Staking Coins

1. Tezos (XTZ)

Unlike many other blockchain projects, Tezos was not based on the codebase of any other blockchain. It was created using the OCaml programming language, It also implements a unique delegated Proof of Stake consensus called Liquid Proof of Stake (LPoS).

The Tezos blockchain is powered by the cryptocurrency XTZ, which is created through a process known as ‘baking’ and the bakers are rewarded for staking their XTZ to help validate new blocks. Bakers that allow fraudulent transactions to be validated lose the XTZ they have staked.

Tezos & Ethereum Compared

In order to ‘bake’ Tezos it is required to have a ‘full roll’ of XTZ, which is 8,000 XTZ. Users also need to run their own full node. Because that isn’t feasible for many users’ a large number of third-party bakers have grown, allowing users to delegate their XTZ and receive rewards. In return, the third-party baker takes anywhere from 0% to 25% of the staking rewards. Depending on which baker is used, current returns are from 5% to 6% annually.
Tezos has rapidly become one of the favored staking cryptocurrencies because of its good annual yield, the ease of delegating to gain rewards even with a small stake, and the fact that Tezos has moved into the #10 spot in terms of total market capitalization.

2. Algorand (ALGO)

Algorand uses a unique consensus algorithm known as Pure Proof of Stake (PPoS). It allows the system to reach consensus without a central authority, and can tolerate malicious actors in the system so long as the majority of the stake is not malicious. Unlike some other Proof of Stake systems, PPoS has no mechanism for delegation, which avoids the problem of a single user or small set of users gathering a majority of voting power.

The Algorand network also allows for the construction of decentralized applications, and with a reported throughput of 1,000 transactions per second, it is a good alternative for dApp developers looking for a faster, low-cost network.

Algorand Staking Returns

Anyone holding 1 ALGO or more in any non-custodial wallet is able to earn staking rewards with each block created according to the mechanism of staking. The staking rewards were initially set at a 10% annual rate, but as of April 2020, the annual reward is 5.46% according to StakingRewards.com. We like Algorand for staking because it is made quite simple. No nodes need to be run, and there are no other special requirements. Users only need to hold their ALGO in a supported non-custodial wallet, and payments are made roughly every 20 minutes.

3. Cosmos (ATOM)

Cosmos (ATOM) calls itself the most customizable, scalable, powerful and interoperable ecosystem of connected blockchains. It’s a decentralized network of independent blockchains powered by Tendermint and other Byzantine Fault Tolerant algorithms.

It is Byzantine Fault Tolerance that allows a blockchain to achieve consensus even in an environment that potentially contains malicious nodes. Cosmos is striving to become the “Internet of Blockchains” by linking all the myriad of blockchains into a single network where tokens can be seamlessly transferred throughout the network.

Cosmos uses a Delegated Proof of Stake (DPoS) system in which there are delegators (aka stakers) and validators. The delegators decide which validators will participate in consensus and the validators work to validate transactions and add new blocks to the blockchain. Both groups can collect staking rewards which are currently paid in ATOM tokens, but theoretically, the token of any blockchain that’s been added to the network could be used.

Choosing Staking on MetaBlock Exchange

Users are able to stake any amount of ATOMs by delegating to a validator. The validators keep a portion of the staking reward that can vary from 0% up to 25%. Staking rewards as of April 2020 are 8.2% annually, but can go as high as 20% if the proportion of ATOM being staked falls below two-thirds of the total supply. Staking is as easy as holding ATOM in a supported wallet and then choosing a validator to delegate to. It is also necessary to periodically claim rewards manually.

Cosmos remains a very popular project and ATOM is currently ranked the 25th largest cryptocurrency by market capitalization. The staking reward for the token is excellent, and if the team can successfully implement its vision for an “Internet of Blockchains” it could begin paying staking rewards in a number of different cryptocurrencies, which would put it ahead of other projects.

Conclusion
There are many other staking coins to explore and this is by no means a comprehensive list. Remember, if choosing a coin it should be based on more than just the staking return.

Some users may find it quite complicated to stake solo with the command line wallets and core wallets for some of the picks. Exchanges such as MetaBlock (https://metablock.exchange/) and SovereignWallet offer their own staking services where they will be the delegator that you can stake your coins on. All you really need to do is hold the coins in your MetaBlock Exchange wallet or SovereignWallet (mobile crypto wallet) and assign them to the staking.

MetaBlock Exchange’s Staking Service

MetaBlock exchanges and SovereignWallet charge a 5% fee from your staking returns. This exchange is decentralized in a way that your coins will be on your hand and you will be in control of it. Today, most of the exchanges that offer staking services are centralized as staking pools are increasingly controlled by large exchanges. You will have to decide whether to go for MetaBlock (https://metablock.exchange/) or SovereignWallet (Smart Crypto Wallet) and to be in control of your fund or go for centralized exchanges and wallets which will have the risk of losing your coins.

MetaBlock Exchange & SovereignWallet (mobile crypto wallet) offer crypto & staking services

SovereignWallet Network Resources

✅MetaBlock Exchange: https://metablock.exchange/
✅SovereignWallet Website: https://sovereignwallet.network/
✅Twitter: https://twitter.com/MUItoken
✅Medium Blog: https://medium.com/sovereignwallet-blog
✅Telegram Announcement: https://t.me/SovereignWallet_Official
✅YouTube: youtube.com/channel/UCrV-0FV_B3nGEkTIq_kx3tg
✅ Q&A: https://sovereignwallet.network/faq

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