Know what the participation test (PoS) is and what are the 8 platforms that use it.

In the stock market, you can obtain passive income with dividends. Dividends are defined as payments, generally in cash, made by a company to its shareholders, that is, who has shares in the company on the stock exchange. In the cryptocurrency market, there are also ways to earn passive income.

What is the participation test?

Participation test (PoS, or Participation test) is the consensus algorithm of a network, which uses a pseudorandom choice process to select a node to be the validator of the next block, based on a combination of factors that may include age of participation, randomization and node richness. Transaction fees are generally used as a reward.

What is the difference between Proof of Participation and Proof of Work?

It is good to note that, in the Participation Test systems, the blocks are "built" and not mined. Cryptocurrencies using the Work Test (POW, or work test) usually start selling pre-drawn cryptocurrencies or start with the Work Algorithm Test and then go by Participation test.

In Proof of Work systems, more and more cryptocurrencies are created as rewards for miners, while in the Proof of Participation system, transaction fees are generally used as rewards.

Learn about some platforms that use proof of participation

Binance is one of the main cryptocurrency exchanges in the world. By betting on Binance, users can receive rewards of (between 1 and 20%) while they are regular users of the Binance exchange. For all users, this means more freedom and accessibility in the participation of all chains, without giving up total liquidity. Cryptocurrencies accepted in Binance: LOOM, KAVA, Trezos, ATOM, TRON, Algorand, ONE, Fetch.ai, Stratis, QTUM, Komodo, Vechain, Ontology, NEO, Elrond and Stellar.

MXC is a cryptocurrency trading platform, founded by a senior professional in the blockchain industry. When betting on MXC, users can receive rewards in 28 cryptocurrencies. Cryptocurrencies accepted in MXC: Suter, IOTX, BTC, CVNT, LTC, Decred, Ethereum, Tron, IOSToken, EOS, COSMOS, SERO, Common Knowledge Base, Tether, Newton, Bitcoin Cash ABC, XAS, ZCoin, Kusama and ARPA.

SNZPool is a professional and reliable point of sale validator for a variety of projects, including, among others, Cosmos, IRISnet, EOS, ONT and Loom. It is committed to maintaining the security and stability of each network, offering professional POS services and supporting and contributing strongly to the projects and their communities. Cryptocurrencies accepted in SNZPool: Cosmos, Eos, Ontology, KAVA, ChainX, IRISnet, Wanchain, Chainlink, Loom, IoTex, Harmony, Dash, Waves, Syscoin, QTUM, Tezos, PCHAIN ​​and Cybex.

InfStones is a technology company based in Silicon Valley, specializing in cloud infrastructure and placement in services such as blockchains. Its main team consists of senior engineers and business leaders from companies established in high-tech sectors such as Google, Oracle, Apple, Intel and LinkedIn. Cryptocurrencies accepted in InfStones: Wanchain, ByTom, Cosmos, IOST, EOS, Tron, Loom, IoTex, Algorand, Ontology, Vechain, GXChain, IRISnet, Tezos and NuCypher.

HashQuark, a member of the HashKey Group, is a Participation Test service provider with a focus on PoS and DPoS, including Cosmos, IRISnet, V SYSTEMS, CyberMiles, Cybex, VeChain, IOST, Tezos, etc. With HashQuark, token holders simply store tokens in their accounts and receive rewards. Cryptocurrencies accepted in HashQuark: Cosmos, Tezos, ChainX, Dash, IRIS, CyberMiles, QTUM, VeChain and EOS.

Based in Europe, Stake Capital is a decentralized financing house for PoS networks and DeFi products. Stake Capital supports a variety of different DeFi services. With Stake Capital, you can effortlessly implement a series of strategies to maximize the performance of your digital assets, including composition through loans, leverage, exchange and placement as a service. Cryptocurrencies accepted: Loom, Livepeer, Cosmos, Tezos, Kusama, NuCypher, IDEX, Decred, Ethereum, Iris, Algorand, Polkadot, Edgeware, Straight Edge, Terra, Kava, Libra, Celo, Torus, Elrond.

Everstake is made up of a team of experienced developers, financial experts and blockchain enthusiasts. Cryptocurrencies accepted: Tezos, Cosmos, ICON, IoTex, IOST, Decred, IRISnet, CyberWay, Dash, EOS, ARK, Algorand, Harmony, NKN, EtherZero, Terra, Aion, Remme and DAOBet.

Figment Networks is a participatory test infrastructure at the institutional level, the Hubble Explorer and the Hub PoS community. Cryptocurrencies accepted: Cosmos, Tezos, Livepeer, Kusama, Terra, Kava, IRISnet, Chainlink, Algorand, Harmony, Horizen, ICON, AION.