KuCoin Blog October 2, 2019 Passive Income From Crypto: What Is Staking And Why It’s Awesome

in #blog • 5 years ago

KuCoin Released a blog last October 2, 2019 Entitled Passive Income From Crypto: What Is Staking And Why It’s Awesome

 

Advantages To Staking

Instead of miners,  the security of a proof-of-stake blockchain lies in something much  simpler – the tokens you hold. This means you save a lot of money on  expensive and energy-consuming hardware. There are also very few barriers to entry with staking.  Theoretically, anyone who owns tokens has the ability to process  transactions on a blockchain. So, you not only get to be a holder, but  also a ‘miner’ and get rewarded as such. This makes proof-of-stake tokens a cost-effective way to maximize your initial investment. 

Got Interested? Keep reading. 

#kucoin #cryptocurrency #staking #market
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