Taking An Active Part In Crypto

One of the coolest things about crypto today is the abilities we all have to take an active part in it. When bitcoin first came out it felt like anyone could flip on their computer and start mining it and take a relatively active part in the blockchain.

That then got trashed once Asic systems came out and started to centralize it into who could get the miners first and how fast they could get them online. From there we moved into GPUs for Ethereum which also ran into some Asic issues and started to become more centralized.

And so was born a heavy push towards proof of stake away from proof of work. These newer proof of stake methods allow anyone to earn a equal share. While there's older proof of work systems such as RDD coin where you stake your coins and run them on a staked wallet 24/7 and hopefully get picked to mine a block it became harder and harder.

DPOS delegated proof of stake systems now allow you to become in essence a validator where you contribute your coins to a validator or node via a vote with your tokens locking them up for anywhere as little as 3 days to up to a few weeks in some cases. By doing this you still get to take part in the staking system to secure the chain and you still get your fair share.

No longer do you have to hope and wish you'll get picked to mine a block to finally earn some rewards. Nope you now can put at little as a few coins in and validate the vote and earn some percent return for doing so. This to me starts to really even the playfield as person A staking 100 tokens gets 6% and person B staking 100,000 tokens gets 6% as well. You get your fair share and honestly I feel like it's the best system we have right now.

Sure something else might come along that out performs it but I haven't seen one yet. To me this one seems to be the most fair case and ability for anyone to take an active part fairly.

We somewhat have a system like that in place here at Hive and I have to say it's pretty solid. Of course there are a few flaws, loopholes and abusive behavior but for the most part it's a fair solid system that works well and fluid.

Current DPOS systems

In terms of blockchains unique there are only a few that currently do this. However we are starting to see many layer 2 tokens of Ethereum and other projects that are starting to implement such structures.

For example the following articles I wrote on how to take part in some of the most popular new Delegated Proof of stake Systems

• How to Stake Cardano ADA

• How To Stake Polygon Matic

• How To Stake Harmony ONE

All of these are great options and there are many others and more still in development.

Do you have a favorite DPOS/POS project you're supporting and want to bring attention to? Drop it in the comments and tell us a bit about it.

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