Staking, is a passive income method in the cryptocurrency industry. It is basically holding on to your crypto instead of trading it for a profit, like interest with a savings account. Proof-of-stake consensus is used in some blockchain networks. That is, rather than mining through proof-of-work, blocks are validated by committed network users. Staking is one of the hottest trends in the cryptocurrency industry today. It is a simple yet powerful concept that leverages the benefits of decentralized finance. Moreover, staking is still considered one of the best ways to generate passive income from one’s existing crypto holdings.
IS IT WORTH IT?
Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you invest and for how long. Many of the crypto you can stake gives you some staking options from 24 hrs, monthly, yearly.
HOW IS IT PAID?
Staking rewards are paid out to users in the supported cryptoasset, with no action at all required on the user’s part.
Send your chosen crypto to a staking wallet or staking sites, do nothing else, and watch your balance grow.
ECONOMYWATCH TOP STAKING SITES
Other passive gains good to use if you just want to let it grow are:
MASTERNODES AND SHARED MASTERNODES
Crypos is a good choice to run your own Masternode , which will require a large crypto investment depending on the chosen Crypto. As well as running a computer 24/7.
Sharing a Masternode.
FOR THE CRYPTO-LAYMAN, A SHARED MASTERNODE IS THE WAY TO GO!
It only requires a small amount of crypto to invest and you do not need to run a computer.
Simply send the crypto to a masternode and do nothing else.
With a percentage scale you can reinvest or receive the gain when it meets the desired allocation amount.
If its all about the gain, so just reinvest it all