There's been a debate over which consensus algorithm is better. We, at Staking.com, believe that the better choice and the future of cryptocurrencies lays with Proof of Stake (PoS). There are several main reasons backing this argument:
-You dont have to spend your money buying a hardware, like ASICS or high-end GPUs used in mining which not only are not cheap, but also consume a lot of electricity and not only affect your profit, but also the entire envirenment itself. Insted of spending your money on mining "tools" you can just buy the coin of your chosing and start making profit right away (in most cases).
-While mining you "create" new tokens, which means you don't need to be invested or even care about the project itself in order to mine a coin. On the other hand, in order to participate in the Staking you need to purchase and hold the coins you stake. It not only makes the price more stable, but also shows that you truly believe in a project/idea which is always the right mindset when chosing a cryptocurrency to invest in.
-The last but maybe the most important reasons is scalability. With PoS the coin can achieve 500-1000X more transaction per second comparing to Bitcoin for example (which currently stands at about 3-4 tps.
Hope this helps and if anyone has any question on the subject feel free to ask us !