Bitcoin undeniably has gained fame and laid the foundation of cryptocurrencies, being the first generation cryptocurrency. The first of it kind, Bitcoin has amassed interest, enthusiasm and investments from millions across the globe. However, the players in the crypto space being astute, quickly realized the major concerns and environmental impact that Proof of Work brought with it. An alternative was found to this energy inefficient method; the Proof of Stake consensus that verifies transactions and validates blocks without energy consumption.