One of the best investor of all-time Warren Buffet once said that
"If you don't find a way to make money while you sleep, you will work until you die."
Average millionaire usually has more than seven streams of income if you find a way to make diversify streams of income you could also be a millionaire. Big Thanks to Crypto which is giving common people a lot of ways to make money under the one roof. Staking is one of them.
In contrast to proof-of-work which uses computer hash power to validate the transaction, proof-of-stake authorizes the holder of coins to verify or validate the transactions and the get reward according to the amount of coins they hold. Here I am listing the top 5 staking coins
1.Tezos
Tezos with an average annual yield of 6% is one of the best staking coins in the crypto industry. Tezos allows stakeholders to vote for network changes. The Tezos blockchain records stakeholder votes on the blockchain for all to see. Moreover, after network changes receive enough votes from stakeholders, the Tezos network automatically implements the changes.
2.Cosmos
Cosmos yields 8.39% annually in its native token ATOM. Cosmos network works to allow data exchange between various blockchains
Each chain on the network operates independently. Cosmos aims to become the hub of all the blockchains by connecting all of them in a single platform. It has a lot of potential.
3.DASH
Dash the privacy-focused coin also comes with the proof-of-stake algorithm and yields about 6.09% annually. The primary goal of Dash coin is to make transactions anonymous and quick.
4.Harmony
Harmony is a blockchain-based platform, developed to resolve the riddle of delivering both scalability and decentralization at no expense of one another. They are primarily focused on solving the trilemma of blockchain making decentralization, scalability, and security at the minimum cost. Harmony one yields 5.17 % annuall
5.NEO
NEO is a blockchain platform and cryptocurrency, which is intended to digitize assets using smart contracts it supports digital crowdfunding,decentralized finance, and digital identity management. As for NEO coin it allows NEO holders network governance rights. And its staking reward is 1.75% annually.
