Staking Rewards

The cryptocurrency sector has significantly grown since the introduction of the first coin, Bitcoin, in 2009. Today, there are thousands of cryptocurrencies in existence, although bitcoin is still the industry leader. The crypto industry is reportedly attracting more millennials who have greater access to the internet and smartphones. Trading has been their major attraction and is still a significant incentive to many towards the industry. However, most coins initially operated on energy-inefficient consensus algorithms, and this poses a threat to…

Since the inception of blockchain technology, the world has been introduced to several terms that not many people may know. Similarly, blockchain transactions include fees that may confuse the typical crypto user.  Mining rewards, transaction fees, and staking rewards are three of the most critical charges to successful transactions on a blockchain. Unfortunately, it is not unusual for users to confuse these three terms and mistake one for the other. So, what are mining rewards, transaction fees, and staking rewards?…

Cryptocurrency wallets are useful tools that allow crypto enthusiasts quick access to their crypto assets. It's worth mentioning that this is one way the global use of cryptocurrencies can become a reality in our daily lives. However, some multicurrency wallets have moved a step further, not only as a payment tool but also to serve other unique functions in the digital financial world. Blockchain solutions have enabled crypto enthusiasts to use their cryptocurrency wallets as a haven to grow their…

ETH 2.0 staking node requires Ethereum wallets to have a minimum of 32 ETH and according to data provided by Arcane Research and Nansen AI, the number of Ethereum wallets with the minimum number of tokens have increased by 13 percent in 2020. The cryptocurrency space is awaiting the TBD launch of Ethereum 2.0, while ETH buyers are accumulating tokens in anticipation of the update apparently in an attempt to claim the supposed staking nodes that will be important to ETH’s upgrade. The analytics…

Since you have stumbled upon this article, you must have heard about Tezos or the good stuff this project is doing in the crypto space. Getting right into it, Tezos is one of the few projects developed from scratch, unlike most cryptocurrencies that have taken after Bitcoin's infrastructure.  As far as the long list of merits of the Tezos blockchain goes, it depends on a less power-hungry algorithm than Bitcoin or Ethereum. The algorithm is less computationally rigorous and less…

Popular online automatic staking and masternode platform - MyCointainer has introduced more fiat pairs allowing users to now buy crypto with GDP, PLN, NOK, and CHF, among others, in addition to EUR & USD. The move aims to increase the number of cryptocurrency investors by creating a smooth transition into the world of digital assets. MyCointainer hosts close to 50 different digital assets allowing users to choose their preferred cryptocurrency assets, stake coins on the platform, and profit off them. …

MyCointainer Power is an add-on feature on the MyCointainer platform that enables users to solely concentrate on their assets and rewards with performance, updates, and maintenance cost is taken care of. With MyCointainer Power, you’re able to access all PoS & Masternode coins hosted on MyCointainer.  For starters, MyCointainer employs both PoS coins and Masternodes to enable users to hold crypto on the platform and consequently generate substantial profits. Basically, MyCointainer Power combines both Proofs of Stake coins & Masternode…

The advent of cryptocurrencies and blockchain technology ushers a new paradigm in the world of passive income. Besides introducing innovative earning methods, cryptocurrency has disrupted incumbent passive income models. Outlined below are some of the most profitable streams of passive income: Staking and Loaning Staking and loaning are the same things, except for the context in which the money is risked. Staking has been previously identified as a profitable stream wherein users stake their coins and earn interest on them;…

Proof-of-Work, the mechanism to secure a decentralized network, was first introduced in the Bitcoin protocol in 2009. It was a revolution in its own right because of its ability to allow the flow of value and information over the internet without the risk of being attacked. Since then, Proof-of-Work or PoW has been implemented over various other protocols like Ethereum, Dash, Litecoin, and it has achieved great success. But as it is always said, there are always trade-offs. To help…