We can hear more and more questions from the investors, “What is crypto staking?” This new trend has emerged recently and is taking over the cryptocurrency world. Cryptocurrency staking is often seen as a response to the growing need for energy from crypto mining.
What is staking and why should you pay attention to it?
It’s not a secret that you can store cryptocurrency and get a percentage for it. Almost like a bank deposit. Staking is not only about your benefit, but even primarily about projects. It builds the consensus needed to keep the network secure. It also confirms the authenticity of each new transaction recorded in the project’s blockchain. When it comes to crypto investors, any type of staking is a passive method of income, its task is to increase assets.
To understand how the Proof-of-Stake method works, let’s first recall the ancestor of all algorithms – Proof-of-Work. In the blockchain, new blocks are generated using PoW, where each block is a solved mathematical problem. The reward for solving such a problem and creating a block is cryptocurrency. It is mined by miners, ensuring the emission of assets. The key role in this process is the computing power of the miner.
Proof-of-Stake (PoS) works similarly, but with fewer energy needs. Here, validators (stakeholders) confirm the transactions. A validator can be a person or a group of people. They decide which block is correct and which is not. The more coins the validator has, the more weight his vote will have in the process of proving the bet. Validators receive a reward in the form of new coins from the network for blocking their assets and providing services to the blockchain. The key role is the number of coins in the wallet of the stakeholder. Moreover, staking is devoid of the main disadvantages of classic mining: huge costs for electricity and maintenance of mining centers, depreciation of gadgets, and damage to the environment. By choosing crypto-staking, you are choosing passive income without effort. All you need to do is carefully read the contract and calculate the profit, usually staking contracts are long-term and short-term. Which is better? There is no definite answer, however, short-term contracts have one advantage – counteracting the volatility of cryptocurrencies and investors can protect themselves from losses. On the other hand, the longer the contract is, the more profit the investor receives.
Computer power does not play any role in staking, the user only needs a good Internet connection. Realizing this, companies such as StakeClub.io began to appear and unite all investors who want to receive passive income and participate in staking. To start, you just need to choose and conclude a contract with the company.
With a huge number of packages (3, 6, and 12 months), each investor gets an individual approach in Stake Club, it allows you to stay flexible and change the direction depending on the market`s situation. All payments take place in Bitcoin to make the system and its users safe and secure. A reliable staking platform is suitable for both beginners and professional investors. After purchasing the package the user will dive into the world of staking and watch the balance slowly but surely increase.
Moreover, the company allows everyone to be involved in the company’s referral program: each user can invite their friend via a personal referral link. Each package has its referral level and reward. After activating the referral’s package, the user will start to receive its bonus.
Stake Club has been growing rapidly from day one and gaining momentum among existing staking platforms. It currently provides services to clients in over 120 countries with a user-friendly and easy-to-use interface, as well as security and privacy, a wide range of packages, instant payouts, and lastly, friendly support. In case of any questions about the work of the site, the team of support specialists from support@stakeclub.io will explain everything and answer all the questions.
