Tag: Crypto Staking

aelf is one of the fastest developing blockchains in the crypto space. Recently, the team revised its bonus mechanism to better incentivize nodes to participate in the aelf ecosystem. The event exceeded all expectations, including the developers' outlook, after the staking APY reached 7,639%. Today, we take a closer look at the staking mechanism on aelf and how you can profit from it. How Does the aelf Vote Mechanism Work? aelf is an open-source blockchain that aims to support the…

Since the inception of blockchain technology, the world has been introduced to several terms that not many people may know. Similarly, blockchain transactions include a variety of 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. 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…

The cryptocurrency network requires a robust infrastructure built on blockchain technology to enable it to run smoothly. Users in these networks are essential in the provision of resources to maintain it.  Two processes are essential in the maintenance of cryptocurrency systems: mining and staking. The mining process requires equipment and attention to monitor. Staking, on the other hand, provides users with a chance to earn coins without the need to mine or the need for high computational power. What is…

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…

In 2009, Satoshi Nakamoto released the first digital coin dubbed Bitcoin, introducing a concept dubbed proof of work, which would be used to mine the coins. Over ten years later, the currency has supernormal value, but the mining process has proven to be a massive risk for the miners. The proof of work systems uses high electricity. Recently, there was introducing a new concept, proof of stake, aiming to solve problems clouding mining.  The proof of stake concept is an…

Are you a rookie crypto investor? Are you wondering how you can make passive income in the crypto world? There are many ways of earning rewards and interests and maximizing your income in the crypto world, including lending, mining, staking, etc.  Crypto mining, for instance, introduced in 2009, was the first way of earning crypto rewards. Mining participants are supposed to solve complex computations to get a chance at validating transactions and releasing new blocks. However, mining has proven to…