MAKE MONEY WITH CRYPTO STAKING COIN
March 8, 2020 No Comments BLOG,Intro trade and invest Zade

Basic Guide Staking Coins in Cryptosphere

(re-update 08-Feb-20)

The crypto space is not only decentralized but also distributed. Here, the several ways to make money by staking coin in the cryptosphere.

Staking coin not requires to have expensive hardware. it giving the stakeholders to another a great way of potential earning a passive income in the digital asset markets.

 

 

many consensus algorithms are available, ranging from proof-of-work (PoW), proof-of-stake (PoS) and much more. 

 

WHAT IS STAKING COIN?

in-short is holding at a minimum number of coins or token in a specific wallet to support respective blockchain operation and rewarding through Proof of Stack mechanism.

 

similar to depositing money on a traditional bank to earn some interest over a particular period or Just like we put stocks, so the reward we get depends on how much stock we hold.

 

UNDERSTAND THE TERMS AND BASIC GUIDE STAKING COINS

PROOF OF STAKE (PoS)

Proof of stake is an alternative consensus algorithm that rival’s Bitcoin’s proof of work.

PoS does not rely on electricity nor computational power as the basis for block validation, thereby consuming almost no energy. 

 

• Proof-of-Stake (PoS) was developed by Sunny King in 2011 as a low-power and faster alternative to PoW

 Unlike mining on proof of work required a massive electrical power to validate transactions but staking is more an eco-friendly process. Proof of stake is more secure than its counterpart (proof of work).

 

SOLO STAKING COIN

In solo staking, stakeholder will getting bigger rewards but has very less chance found a new block.

  • crypto exchange
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    POOL STAKING COIN (Voting Service Providers (VSPs))

    unite their staking power in the process of verifying and validating new blocks.

    a staking pool will give smaller rewards (frequently) because each successful block forging (validation) will split the rewards among the stakeholders of the pool.

    the bigger the staking pool, the more chances are there that the staking pool will be picked and verify a block.

     

    COLD STAKING COIN

    it allows stakeholder to store funds on the offline wallet while still receiving staking rewards.

     

     

    TYPE OF NODE IN BLOCKCHAIN

    WHAT IS MASTER NODE

    Proof of Stake (PoS) blockchains are underpinned by Masternodes. You can find and learn further details about Masternodes 

    These are computers which process transactions on the blockchain and as a result are rewarded with coins.

    • running a Masternode for Dash is likely to earn you a reward of about 45%, while miners get 55% which is split to all Masternodes.

     

    WHAT IS SECURE NODE

    A Secure Node embodies certain functionalities to bring about a network of nodes that are more robust than traditional node or Masternode networks, by appropriately rewarding node operators that dedicate computational resources to help secure the network.

     

    WHAT IS SUPER NODE

    is extension to Proof of Stake (PoS)  and it focusses more on hardware upgrade than on enhancements in the protocol.

    Supernodes act as minting pools in the minting economy by generating blocks to obtain rewards and benefit the Coin / Stake holders.

    It contribute to keep the blockchain highly efficient and provide a stable network for sustainable development.

    Supernodes have higher memory, bandwidth and processing power.

     

    A MOST POPULAR COIN STAKE

    DASH
    Min Stack Amount – 1000 DASH
    Annual Return – Approx 7.5%
    Wallet – DASH Desktop Wallets.
    Guides – Masternode Guide

    NEO
    Min Stack Amount – 1 NEO
    Annual Return – Approx 5.5%
    Wallet – NEON wallet.
    Guides – https://neotogas.com/

    PIVX (PIV)
    Min Stake – 10,000 PIV (masternode) 101 PIV (stake)
    Annual Return – Approx 4.8%
    Staking Wallet – PIVX Desktop Wallets for staking
    Staking Calculator – http://pivx.cryptonode.co/
    Guide – Masternode Guide

    ZENCASH (ZEN)
    Min Stake –  500 ZEN
    Annual Return – Approx 30%
    Staking Wallet – Desktop Wallets for staking
    Staking Calculator – https://myzenwallet.io/
    Guide – Masternode Guide

    ZCOIN (ZEN)
    Min Stake – 1,000 XZC
    Annual Return – Approx 28%
    Staking Wallet – Desktop Wallets
    Staking Calculator – https://zcoin.io/
    Guide – Masternode Guide

     

     

     STAKING AUDCOIN START ONLY $10 

    new members can buy small amounts to test the staking program!!.

     LAUNCH  AUDCOIN HERE!  

     

    other coins available for staking ; 

    Crown (CRW) ChainCoin (CHC) Vcash (XVC) ION (ION) Monetary Unit (MUE)

    XtraBytes (XBY) Diamond (DMD) Ethereum (coming soon) and many more. 

     

    Orite, you have a basic understanding about staking coin. Let see how you can start planning and proceed with staking coin and making money in crypto, kindly follow these steps as per-below:

    Hardware.
    A standard desktop computer would do well and ensure it connected to the the network 24/7 or can also take advantage of virtual private servers (VPS) such  running on the cloud.

    Choose a coin to stake.
    There are a lot of PoS coins available in the altcoin market. Once of the best site https://poslist.org/. 

    Installed crypto wallet.
    A software wallet to store the funds used for staking. Simply go to the website of the coin you want to stake and download the wallet.

    Determine the minimum requirements.
    staking coins have a minimum number of coins required in order to stake or hold in the crypto wallet. Kindly refer to the GUIDES line provided by nodes-provider.

    Start staking.
    After your wallet is set up above is done – begin the staking process. connected to the internet at all times, unless you’re using a VPS. *occasionally check in running node to ensure everything is running smoothly.

     

     

    CONCLUSION.
    Staking is cheaper than mining.

    Remember!!! Only coin or token with proof of stake consensus are available for staking. 

    An investor (stakeholder) should undertake due diligence when making the decisions.

    Happy Staking!!!

     

     



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    About The Author
    Zade Zade has been a ghost writer and provided his services independently since 2017

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