Cryptocurrency is a concept that's confusing to me. I don't know, why can I get money from a computer even though no one has deposited money into the computer.
Then after reading how to get bitcoin I was confused. Besides that there are many coins and different ways to get them.

To get bitcoin a person has to mine on a computer. With a computer power called a hashrate, the cryptographic puzzle will be solved then the miner will earn block rewards. The bigger the computational power the more possibilities to solve the puzzle.

In early 2020, the computers on the bitcoin network were close to 120 exahashes per second.
One terahash is a trillion hashes per second, one petahash is a quadrillion hashes per second, and one exahash is one quintillion hashes per second ( a one followed by 18 zeros).
The balance in bitcoin mining power

This methode of earning cryptocurrency is called proof of work. Proof of work has some issues like too much energy consumption. Some cryptocurrency developers try to create eco friendly coin. Then, they create proof of stake to create new coins. The first proof of stake coin is peercoin.

Proof of Stake gained traction in the crypto universe in 2012. That’s when Peercoin (PPC), the first PoS crypto, was created. Typically, the cryptocurrency community cites Sunny King (likely a pseudonym, like Satoshi Nakamoto) as the inventor.
https://blocklr.com/guides/proof-of-stake-pos/

How I understand proof of stake

My understanding can be wrong because some terms in mining I am still unclear about them.
Proof of stake is a way to get new coins by freezing some coins. Stakers should stake the coin in a certain stake pool or from their wallets.

Is proof of stake the same as masternodes?

Masternodes and Staking during which ordinarily executed altogether, are really totally different agreement instruments.
https://zycrypto.com/pos-vs-masternodes-whats-the-difference/
Simply put, a masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. It can be used for features like direct send / instant transactions or private transactions.

Masternodes is a kind of server that work as the facilitator to send, accept, and validate transaction. To run masternodes you do not have to stake some coins but most coins need masternodes and Pos work together like Dash. To run Dash masternodes you should stake minimum 1000 Dash. Waves nodes also require minimum 1000 waves. To get minimum coins, masternodes can get additional stake coins from stakers. In waves, waves holders can stake coins to nodes address from their wallet that is called leasing. Leasing coins in waves will earn reward in waves and other tokens while in Dash masternodes will earn Dash as the reward. You can check https://masternodes.online/ to see masternodes coins.

To see coins that are based on Pos check this https://ripplecoinnews.com/best-proof-of-stake-pos-coins-most-profitable/

Pros and Cons of PoS

Proof of stake coins are acknowledge as energy efficient coins and immune to centralization. However, there are some issues in PoS. Proof of stake does not provide equal distribution of rewards. People who freeze more coins will get bigger rewards. Therefore, cryptocurrency developers make consensus or randomization and stake timing. The more stakers freeze the coin , the stakers will be selected first to earn rewards.

End

That is simple way to understand proof of stake. How about hive? Hive is not proof of stake coin in my undestanding because stakers do not have authority to validate transaction. In hive the more staked coin is called power. The more power, that you own in hive the more reward you get from curating contents in the hive social media. So hive is not proof of stake coin.

Posted Using LeoFinance ^Beta