The Proof of Stake (POS) consensus mechanism states that a person can mine or validate blockchain transactions according to how many coins they hold. This means that the more coins miner owns, the more mining power they have and the more coins they can mine.
The POS algorithm puzzle problem also takes less time and electrical energy to solve. The number of problems a miner can solve depends on their investment in the blockchain. The bottom line is, using proof of stake blockchains can help lessen the impact of mining on the environment.
Proof Of Stake Coins On Bitzlato.
On 18th January 2014, dash launched as a fork of bitcoin. The team developed features focusing on speed, privacy and usability, making it ideal for use as a digital currency. Dash is one of the earliest pioneers of the proof of stake consensus algorithm.
How To Mine / Stake Dash
To mine Dash, hold 1000 dash coins as collateral on special wallets known as masternode wallets. Holding 1000 Dash secures the dash blockchain, in return you get rewarded in Dash coins. The current annual return on investment is 6.78% per 5383 days