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.
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