With the world on the hunt for more sustainable and efficient cryptocurrencies, investing in the best proof of stake coins has become a sound strategy. However, it can be difficult to separate lackluster projects from those with real upside potential.

Throughout this guide, we’ll be taking a look at 10 of the best proof of stake coins as well as discussing what proof of stake is and how it stacks up to competing consensus mechanisms. Let’s get started.

Top 10 Best Proof of Stake Coins to Invest in 2022

We’ve created this proof of stake cryptocurrency list in order to aid investors in narrowing down their search for the next big project. Detailed reviews of each PoS crypto project can be found slightly further down the page.

  • Tamadoge – Overall Best Proof of Stake Coin
  • Battle Infinity – Comprehensive Play-to-Earn DeFi Ecosystem
  • Lucky Block – Competitions Platform Using Blockchain Technology
  • BNB – Massively Popular Smart Contract Crypto
  • Tezos – Constantly Evolving Blockchain
  • Polkadot – Interoperability-Focused PoS Coin
  • Solana – High Throughput Smart Contract Network
  • Avalanche – Low-Fee Ethereum Alternative
  • Algorand – Fast and Sustainable Network
  • Cardano – Secure Layer-1 Blockchain

Best Proof of Stake Cryptocurrency to Buy Right Now Reviewed 

No proof of stake cryptocurrency list would be complete without reviews of the best projects in the sector.

1. Tamadoge – Overall Best Proof of Stake Coin

Tamadoge (TAMA) is a presale meme coin that takes aspects from trending sectors like NFTs, play-to-earn (P2E) games, and the Metaverse in order to become one of the best proof of stake coins currently available.  As Tamadoge is currently in presale (although this is selling out quickly), the project is still packed with phenomenal potential for upside growth, making it worthy of consideration for any investor.

Tama splash

In order to generate value for its users, players can explore a virtual world known as the Tamaverse and rise 3D-animated tokenized pets in order to earn rewards. By leveling up a pet by using items from the in-game store, a player can earn Dogepoints which improves their leaderboard ranking, entitling them to a larger share of the rewards pool.

However, that’s not all. Later down the line, the Tamadoge team will release a series of tokenized tradable arcade-style games (Q3 2023). Furthermore, support for virtual reality headsets and an augmented reality app allowing players to bring their pets into the real world are both planned to release in 2023. Therefore, it’s a great time to get involved before all these updates push demand through the roof.

Tamadoge uses the ERC standard. As such, although the project is perhaps the best new cryptocurrency on the market, it doesn’t currently utilize proof of stake (PoS). However, as Ethereum will be switching to PoS after the merge, Tamadoge is set to become one of the best proof of stake coins sooner rather than later, earning its spot on our proof of stake cryptocurrency list.

tamadoge presale 11.6 mil

With an already confirmed listing on the centralized exchange LBank and the presale price slowly increasing as lots of 100 million tokens are sold, it’s worth checking out the Tamadoge presale now in order to lock in the lowest possible price. Join the Tamadoge Telegram to stay up-to-date with the latest updates and listings.

2. Battle Infinity – Comprehensive Play-to-Earn DeFi Ecosystem

P2E gaming and decentralized finance (DeFi) are two of the most exciting sectors in cryptocurrency, and Battle Infinity (IBAT) combines both to create an all-in-one ecosystem designed to resonate with investors of all dispositions.

Battle Infinity splash

As the project features a whole host of useful features, the IBAT ecosystem is split into six platforms in order to keep things intuitive.

The different platforms include a fantasy sports league named IBAT Premier League, a Metaverse arena called IBAT Battle Arena, a collection of P2E games titled IBAT Battle Games, an NFT marketplace named IBAT Battle Market, a decentralized exchange known as IBAT Battle Swap, and a staking platform aptly dubbed IBAT Battle Stake.

As fast, low-cost transactions are crucial to the success of any P2E or DeFi platform, the IBAT token uses Binance’s BEP-20 standard. As such, transactions can be settled quickly and efficiently, creating a phenomenal user experience. Additionally, as IBAT was created using BEP, it uses the proof of staked authority consensus mechanism to validate transactions.

ibat chart 05.09

Even now, the demand for IBAT is huge. The project sold out its presale 65 days early raising thousands of BNB and went on to do more than a 4x after its PancakeSwap listing. Furthermore, with features set to progressively roll out over the coming months, demand for IBAT is likely to skyrocket. As such, it could be a good idea to get in early on what could grow to be the best low-supply cryptocurrency available.

Check out Battle Infinity today and join the IBAT Telegram to get involved with one of the year’s hottest crypto projects before it goes mainstream.

3. Lucky Block – Competitions Platform Using Blockchain Technology

By injecting modern blockchain technology into its platform, the Lucky Block (LBLOCK) team was able to create a fair competitions platform that passes savings onto its users. This has been popular among crypto investors, with demand for both Lucky Block’s services and the LBLOCK token exploding in recent months.

lucky block website

The platform allows users to enter various competitions using an entry ticket-style NFT which can be attained from the NFT Launchpad marketplace. Every Lucky Block NFT is competition specific with a unique design and number. This enables Luck Block to host more competitions and makes it easier for people to participate in the draws that best interest them.

While the primary use of a Lucky Block NFT is as an entry ticket, they also provide long-term value in the form of a daily reward taken from the rewards pool. In addition to the standard competitions, Lucky Block also hosts a Platinum completion for owners of the Platinum Rollers Club NFT collection, with prizes including a real-life Lamborghini.

While Lucky Block originally used the BEP standard, it has since transitioned to ERC in order to facilitate exchange listings and eliminate tax on transactions. While this is of course excellent for LBLOCK’s adoption, it has the added benefit of making the token one of the top proof of stake cryptocurrency projects once the Ethereum merge is complete.

lblock chart 05.09

Lucky Block is an all-around excellent project that’s just beginning its journey to the top of the crypto market. With the project already listed on LBank, MEXC, and Gate.io, it’s likely that the next announcement could be one of the biggest crypto exchanges, which could catapult demand for LBLOCK with price following soon thereafter. To ensure nobody misses out, it’s advisable to check out Lucky Block today.

4. BNB – Massively Popular Smart Contract Crypto

Binance’s BNB is one of the largest cryptocurrencies on the market, rising to fame in 2021 as a low-cost proof of stake blockchain designed with web3 dApps in mind.

bnb chart 05.09

While initially created to supplement the Binance ecosystem and reward supporters with discounted trading fees and unique early investment opportunities, BNB has since branched out into the smart contract market. By switching from the Binance Chain to the Binance Smart Chain (BSC), projects can now be created using BEP in a similar fashion to Ethereum’s ERC standard.

In order to validate transactions, BNB (and every BEP-based project) uses the proof of staked authority (PoSA) consensus mechanism. This involves a validator staking a specific amount of BNB to confirm a block, earning the fees generated from transactions contained within the aforementioned block.

With the Binance Smart Chain growing rapidly and becoming one of the largest proof of stake blockchains on the market, it’s likely one of the best proof of stake crypto investments currently available. With that said, however, anything can happen in crypto so it’s always crucial to perform the proper due diligence before committing to an investment.

5. Tezos – Constantly Evolving Blockchain

Tezos (XTZ) is a proof of stake crypto that, like Ethereum, has smart contract capabilities. However, Tezos has the unique benefit of being easily upgradeable, meaning new developments can be rolled out without having to fork the network. While this might not sound too important, it helps the network keep at the forefront of what is perhaps the most rapidly evolving industry on the planet.

xtz chart 05.09

Many older proof of work and proof of stake blockchains are impossible to upgrade easily, as they were created at a time when the technology had limitations. While this has been partially solved with forks and merges, the process remains cumbersome. However, Tezos has changed that by creating an easily improvable network that can be upgraded with zero downtime, massively streamlining updates.

With Tezos being able to constantly evolve and improve as new technology is developed, it’s more than deserving of its place amongst the most investable proof of stake cryptos and top trending crypto projects.

6. Polkadot – Interoperability-Focused PoS Coin

Polkadot (DOT) is a proof of stake cryptocurrency that solves the problem of cross-network interoperability through the use of parachains, a technology that allows transactions to be settled parallel to one another.

dot chart 05.09

Since the creation of cryptocurrency, it has been difficult for projects created on different networks to interact with each other. This led to the standardization of  blockchains, beginning with Ethereum’s ERC. However, to truly solve the interoperability issue, this would require every new cryptocurrency to utilize the same base layer, which is extremely unlikely.

Polkadot instead focused on creating a proof of stake blockchain that could facilitate the cross-chain transfer of data. To deal with the increased volume of transactions, Polkadot also implemented a system that allowed transactions to be settled simultaneously in parallel to one another (parachains). Both of these features improved interoperability drastically, popularizing Polkadot.

Polkadot has proven to be a big hit with both investors and developers. Even today, after a hash market downturn, Polkadot remains one of the largest cryptocurrencies and one of the best proof of stake crypto projects.

7. Solana – High Throughput Smart Contract Network

Solana (SOL) is a layer-1 proof of stake blockchain that absolutely exploded in both popularity and price during 2021 as extreme network congestion led developers and users to look for a faster, cheaper, and more energy-efficient alternative to Ethereum.

sol chart 05.09

With Ethereum struggling to handle the volume generated by the 2021 bull run, The project came to market at the perfect time, with SOL increasing in value from just a few dollars to over $250 at its peak. This growth came as Solana offered a massive throughput, near-instant settlement time, and much higher energy efficiency through the use of its unique proof of history consensus mechanism.

While Solana has recently suffered a few missteps regarding centralization and security issues, it’s still a very young project. Despite its age, the Solana ecosystem is one of the largest, particularly for NFTs. With this in mind, it’s safe to that Solana is one of the best proof of stake cryptos currently available to investors.

8. Avalanche – Low-Fee Ethereum Alternative

Continuing the trend of cryptocurrencies attempting to dethrone Ethereum, we’ve got Avalanche, a layer-1 network designed to provide developers with a low-cost, high-throughput blockchain to create dApps.

avax chart 05.09

What makes Avalanche different from other smart contract cryptos is the way it validates transactions. Rather than requiring every node to validate every transaction, Avalanche utilizes three sub-blockchains, each handling a different class of transaction.

The sending and receiving of funds directly on the Avalanche network are handled by the Exchange Chain (X-Chain), any transactions generated by smart contracts or dApps are validated on the Contract Chain (C-Chain), and staking/validator transactions are taken care of by the Platform Chain (P-Chain). The Primary Network is in charge of validating these sub-blockchains and requires stakers to own at least 2,000 AVAX.

Avalanche is another fairly new project that has been making a big splash in the industry. During the 2021 bull run, Avalanche was the hot new network with developers jumping onboard en masse. While the hype has slightly died down, the technology remains and AVAX will likely pick up again once the wider market recovers.

9. Algorand – Fast and Sustainable Network

Algorand (ALGO) is a sustainability-focused network and one of the best proof of stake coins available. It boasts smart contract functionality, allowing new projects to be developed while utilizing the Algorand architecture.

algo chart 05.09

In order to validate transactions in a fast and secure manner, Algorand utilizes a modified version of the proof of stake consensus mechanism dubbed ‘pure proof of stake (PPoS). While similar to traditional proof of stake, Algorand’s version randomly selects who validates a transaction from a pool of every staker. This improves security and makes it much more difficult to game the system.

Thanks to its PPoS consensus mechanism, Algorand is one of the most energy-efficient networks available. With crypto (particularly proof of work projects) attracting a lot of negative attention due to huge energy consumption, Algorand has become a favorite among investors and could be the next cryptocurrency to explode.

10. Cardano – Secure Layer-1 Blockchain

Helmed by Charles Hoskinson, Cardano (ADA) is a highly secure proof of stake crypto and one of the best cryptos under 1 dollar.

ada chart 05.09

Since its 2017 release, Cardano has become one of the best-known and most sustainable cryptos on the market. With the recent (September 2021) release of the Alonzo hard fork, Cardano has become one of the most popular networks for NFTs and dApps. It has remained within the top 10 largest projects for over a year and with more updates planned to release, it will likely continue to do so.

While far too many crypto projects are poorly or hastily developed, Cardano follows a strict peer review process to ensure that there are no security flaws or exploits within its code. With the number of crypto hacks continuing to climb, this seems like an excellent choice.

Cardano remains of the largest crypto projects and for good reason. It’s highly secure, boasts an excellent team, and continually adds to its offerings. Overall, ADA is one of the best proof of stake coins on the market and is well worth checking out.

What is a Proof of Stake Crypto?

While it can be difficult to understand the ins and outs of blockchains, reading our proof of stake explained guide will make it much easier.

In order to transact on a blockchain securely, each transaction must be validated by a node, otherwise, it would be possible for anyone to inject a false transaction into the ledger, compromising the validity of the entire network.

In order to make sure transactions are legitimate, cryptocurrencies utilize various consensus mechanisms. Proof of stake is an example of one of these mechanisms. It allows people that hold a specific amount of a cryptocurrency to validate transactions by simply staking their holdings and using it as collateral for the opportunity to earn rewards by staking.

As the rewards a validator receives are proportionate to the number of tokens staked, this mechanism disincentives attackers by requiring a huge amount of capital for an attack. Furthermore, as staking doesn’t require nearly as much computing power compared to proof of work cryptos like Bitcoin, proof of stake assets are viewed as being more environmentally friendly.

While there is a wide variety of proof of stake offshoots (e.g. proof of staked authority, pure proof of stake, etc), they’re all similar, requiring an investor to stake a certain amount of tokens in order to be able to validate transactions.

Proof of Stake vs Proof of Work

Two of the most well-known and widely used consensus mechanisms are proof of stake and proof of work. While both are similar, there are a few key differences that we’ll cover in our proof of stake explained guide.

Proof of work uses computational power to verify transactions. A miner will set up a computer to solve complex cryptographic puzzles as a way of confirming the validity of a transaction. This typically involves a huge amount of GPU power which uses hardware that can quickly become outdated and requires large amounts of electricity, making it rather inefficient.

On the other hand, proof of stake coins garner trust from a validator using tokens as collateral.  This results in a system that can verify transactions with a far greater deal of efficiency, drastically reducing energy consumption and allowing crypto to become more eco friendly.

In addition to improving security and reducing energy usage, proof of stake eliminates the centralization that exists on proof of stake networks due to there being a relatively small number of mining pool operators. While this sounds great on the surface, it’s important to note that due to the higher initial costs incurred by proof of stake blockchains, the networks tend to be dominated by those with large capital reserves.

All in all, while both consensus mechanisms complete the same task, the way they do so differs. Due to the increased cryptocurrency volume and more scrutiny surrounding energy usage, it seems likely that the future will lean toward proof of stake.

Are Proof of Stake Coins a Good Investment?

As there is a huge range of different proof of stake coins on the market, some will naturally make for a better investment than others. However, there are a few key investable factors that most of the best proof of stake coins share.

Sustainability

With cryptocurrency getting hammered in the media due to its high energy usage, proof of stake cryptos are looking far more attractive than their proof of work counterparts. While PoW blockchains require hardware that quickly gets burnt out and becomes inefficient, PoS systems, while requiring a high initial investment, can run near indefinitely once set up. For a rapidly improving market like crypto, this is huge.

Superior Technology

The proof of work consensus mechanism was undoubtedly popularized by Bitcoin. While there’s nothing wrong with this, Bitcoin was released in 2011 and is unlikely to be significantly updated. However, proof of stake is a much newer concept meaning it can take advantage of the improvements in cryptography and computer technology. As such, proof of stake can make for an excellent long-term investment.

Future-Focused

Linking to the previous point, cryptocurrency is rapidly evolving. For many of the largest projects on the market, proof of stake is seen as the future of transaction validation. Ethereum, the second largest crypto will soon move to proof of stake, bringing every ERC-based project with it.

As such, it’s likely we’ll see far more PoS alterations build on the technology in the near future – also see our guide to future cryptocurrencies.

How to Buy Proof of Stake Crypto

In order to make it easy to buy the best proof of stake crypto, we’ve detailed the whole process from start to finish.

Step 1: Register with an Exchange

In order to buy TAMA from the Tamadoge presale, an investor must first stock up on Ethereum. Thankfully, most exchanges offer Ethereum, with it being easy to acquire from a regulated broker like eToro. Alternatively, it can be purchased from Tranak directly from the Tamadoge site.

register etoro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

Step 2: Deposit and Buy ETH

If an investor decides to purchase ETH with eToro, they will need to deposit after verifying the account. To do this press ‘Deposit Funds’, carefully consider how much to invest (it’s worth checking the current price of TAMA beforehand), and confirm the deposit. Then, enter ‘ETH’ into the search bar, press ‘Trade’, enter a number into the ‘Amount’ field, and hit ‘Open Trade’.

Buy ETH

Step 3: Create MetaMask Wallet and Withdraw ETH

After completing the purchase, it’s time to set up a crypto wallet. To do this, download the MetaMask extension or app and follow the in-built instructions in order to successfully complete the setup process. Then, make sure its set to the Ethereum network and use the eToro Money Wallet to withdraw the ETH from eToro to MetaMask

metamask site

Step 4: Connect Wallet and Buy TAMA

Now we’re ready to buy TAMA. This can be done by heading to the presale website, pressing ‘Connect Wallet’, selecting MetaMask, and confirming the link on the crypto wallet. Next, press ‘Buy Tamadoge’, check the price of TAMA, enter the desired number of tokens (1000 minimum), and hit ‘Convert ETH’. Once the presale is finished, the tokens can be claimed.

buy TAMA

Conclusion

Throughout this article, we’ve taken a look at the 10 best proof of stake coins currently available, explained how PoS differs from other consensus mechanisms, and detailed exactly how the mechanism works.

During our research, we noticed that a specific project towered above the rest in terms of upside potential. Tamadoge is the hottest new cryptocurrency and is packed full of utility. Once the project hits the open market it’s likely to explode, so it’s worth stocking up tokens ahead of time.

Tamadoge - The Play to Earn Dogecoin

Our Rating

Tamadoge
  • '10x - 50x Potential' - CNBC Report
  • Deflationary, Low Supply - 2 Billion
  • Listed on OKX, Bitmart, Uniswap
  • Move to Earn, Metaverse Integration on Roadmap
  • NFT Doge Pets - Potential for Mass Adoption
  • Upcoming Listings on LBank, MEXC
Tamadoge

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It is vital to always invest responsibly in awareness of all risks involved. Markets can be extremely volatile, so you should conduct extensive research before investing. Our site provides regular updates and diligently verifies all platforms it recommends, but you should form your own opinion and invest only what you can afford to lose. There is never any guarantee of a return on investment.