4 Proof of Stake projects you should check out

People tend to be familiar only with blockchain projects that have the highest market cap. By doing so, they overlook wonderful projects that have proved use-cases and/or a solid chance of growth and adoption. It is nice to see some tokens as an investment opportunity that can yield a profit, but the real idea behind blockchain is to create projects that have  relevant and applicable use cases. In the next text, we will look into 4 interesting Proof of Stake (PoS) projects that have a bright future ahead and could potentially become part of Pool of Stake.

1.Stratis

This project is quite unique in several ways. It aims to offer full service capabilities for the development, deployment, and management of blockchain applications utilizing C# on the .Net framework. What this actually means is that Stratis is a flexible Blockchain development platform aimed for the needs of real world enterprise and financial services. The project aims to provide “Blockchain as a Service” (BaaS) to enterprises, which is a clever and practical approach to resolve the issue of blockchain adoption by enterprises. An additional bonus point is that Stratis is focused on the C# programing language. The wide adoption of C# gives it the advantage of a big existing community to contribute to the project’s development.  Besides this, Stratis can also run smart contracts, nodes for Bitcoin, Ethereum and other blockchains.

What we find to be the most interesting aspect of Stratis are its “Sidechains”. These will permit Stratis to offer private blockchains to their clients, which will have the flexibility and independence to develop their blockchain according to their requirements. We look forward to the adoption of Stratis. Pool of Stake will be able to operate as a smart contract in their existing blockchain, letting users pool their coins in a secure way and share forging rewards.

2. Universa

Universa is a new generation contract execution machine and distributed ledger. It is designed to improve on Bitcoin and Ethereum technologies. It does this by delivering improvements that are helpful for business adoption. The project has a special emphasis on smart contracts and tokenization. What sets Universa apart is that it maintains directed graph of the verifiable hashes of the output of all actions. This might sound confusing, but it basically means that instead of stacking blocks to make a single full ledger, each set of changes to a contract is applied by the clients in a side-chain. Only a signed signature of the state of each side-chain gets updated, and it discards the old state and stores the new one. If this still sounded like a tongue breaker, it basically means that execution time is faster without sacrificing validity, fairness, and trust.

To make things more business-oriented, Universa takes quite a deviation from traditional blockchain projects: Nodes are operated by partners that must be licensed and authorized by Universa Corporation. The idea is to create a network of trusted nodes that are regulated by organizational security practices like ISO 27001, 27001. This project represents a great opportunity for Pool of Stake. It’s smart contract capability will let us create a pool for staking quite easily, but we will have to garner support from our community in order to be licensed by the Universa Corporation. This will be a fun and interesting challenge that will showcase how Pool of Stake can work on different projects with diverse governance protocols.

3.OmiseGO

The objective of OmiseGO is to create a decentralized exchange and payments platform. As previously implied with the word “decentralized”, the exchange will not be owned by a single party, but instead it will work as an open distributed network of validators which enforce behaviour of all participants. A notable point is that it permits exchange across asset classes, from fiat to blockchain tokens (ERC-20 tokens and native cryptocurrencies included).

The increased transparency brought by blockchain technology could be able to greatly reduce spreads and increase efficiency. Additional to this, smart contracts are already a central component to stake this token. This will provide Pool of Stake another blockchain to operate in. As previously stated, having smart contract availability let’s us deploy our product with ease and efficiency on different blockchains.

4.PIVX

PIVX is an open source cryptocurrency that is focused on privacy, speed, and low transaction fees. What sets PIVX apart from other privacy-focused cryptocurrencies is that it aims to foment greater decentralization by developing a variable “Seesaw Reward Balance System” that adjusts the block reward size between masternodes and staking nodes. The system makes a balance between the profitability of running a masternode or a staking node, and uses the aforementioned system to ensure that it is more profitable for users to run masternodes that to plainly stake the equal number of coins. This stability generates additional decentralization in the network.

Unfortunately PIVX does not run on smart contracts and does not plan to do so. The Pool of Stake community could decide for us to include PIVX or other projects without smart contracts which would mean less decentralization. In this case Pool of Stake would be running still as a regular node and securing coin ownership via IOU tokens. Stay posted on our communication channels so you can be updated frequently on our progress, and do not forget that our goal is to eventually include all kinds of Proof of Stake projects!