Hello All, if coins with POS mechanism used to be rare just a year ago now we can see more and more of these coins.
Why?
First you dont need expensive farms, you dont have to spend money for electricity and you dont have to upgrade and replace expensive cards every year.
All you need is a running wallet on one of your computers. Computer should be on 24x7
Second, since for receive POS rewards you need some money on your account we are reducing supply , and as we all know reducing supply increasing the price, IF miners used to sell their profits once mined POS holders will keep it to receive more awards.
This Friday Phobos switching to POS, as soon as developers announced that priced increased on exchanges, so we already can see that investors took it positively, Anyway this creates better investments opportunities as well for big and small investors