WHAT IS CRYPTO STAKING? HOW CAN YOU EARN UP TO 156%?

All blockchains require transactions to be validated. For example, Bitcoin validates its transactions using a electricity intense process called mining or Proof-of-Work. In addition to mining there are many consensus mechanisms that are used for validation including Proof-of-Stake (PoS), often referred to as staking. Coin staking offers currency holders some decision making power on a blockchain network. By staking your coins, you gain the ability to vote and generate a passive income.

This process is very similar to receiving interest for depositing and holding money in a bank account or authorizing the bank to invest.
Image

WHERE TO STAKE YOUR ETHEREUM COINS?

The successful launch of Ethereum 2.0 Phase 0, marks the first step in the march towards a more scalable, efficient and profitable network. This rollout includes the transition from Proof of Work to Proof-of-Stake transaction validation. It is a major shift in the way the Ethereum Network operates and marks the end of Ethereum mining.

CHANGES TO ETHEREUM MINING

The launch of Ethereum 2.0 is the end of Ethereum mining. This means that individuals that wish to earn money by participating in the network must make an investment in the network. This is achieved by locking at least 32 ETH for up to two years in a smart contract that will reward users with tokens on a progressive basis.

OPTIONS FOR THOSE WITHOUT 32 ETH

Ethereum 2.0 requires a deposit of at least 32 ETH to begin rewarding a specific wallet. Once the account has been funded, the more ETHs deposited, the greater the return. Unfortunately, not everyone has $19,150 free to risk.

Fortunately, multiple cryptocurrency exchanges have created a solution for individuals that want to invest a fraction of the 32 ETH minimum deposit. This is achieved by creating a staking pool, where retail investors deposit their money. The exchange then gathers the pool deposits, places it in a smart contract, and then distributes the profit among all users proportionally.

Three of the top exchanges with ETH pools are:

1. Binance
2. Kraken
3. Coinbase

EXCHANGES THAT SUPPORT ETH STAKING POOLS

Image
Image
Image

8 WAYS TO EARN CRYPTO ON BINANCE THAT DON’T INVOLVE TRADING

Binance allows you to earn and grow your assets holding even when you are not trading.

You can earn more assets on Binance, whether you trade or not. All you have to do is to buy crypto and activate one of the many features Binance offers.

Select one of the options below.
binance-affiliate.png
Image

TRUST WALLET SUPPORTS STAKING FOR THE FOLLOWING COINS

The Trust Wallet currently supports staking for the following coins: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Stellar (XLM), Dash (DASH), TRON (TRX), Polkadot (DOT), Tezos (XTZ), Cosmos (ATOM), Kava (KAVA) and Dogecoin (DOGE).

Image
© 2016 Pamper Me Network. All Rights Reserved. Design & Development by Pamper Me Network. Monetization platform for your podcast, blog or webinar. Powered by Etherscan.io APIs. Mastodon