If you ever had this in your wildest dream to skyrocket your income with your snooze mode on, this dream can now become your reality. It’s time to believe that a passive income would not require you to go over and beyond sitting on your couch. Yes, the world of cryptocurrency makes it possible for you to live this velvety reality through staking. Let’s take a plunge into understanding the basics of earning easy passive income with staking rewards!

Getting friendly with staking crypto

If you haven’t heard of staking before, it is nothing but securing your assets and earning more assets against them.
Generally, one primary way of making profits in the world of Blockchain is by selling your investments when the market price rises.
Staking, alternatively is a way to earn profits without selling off your investments. Staking reward, as called is one of the alternative cryptocurrency income streams where you simply park your digital assets. It is quite like the concept of keeping your cash deposits in a traditional bank’s savings account that pays you interest against it. It is indeed a good crypto investment.

Behind The Scene - why should you be rewarded on staking?

Every time a transaction occurs in a blockchain, it is documented in a new block (consider it a ledger page).
The moment there is a new block with transactions, to verify it, it is chained to a prior block. That’s the formation of blockchain.
This verification is done by the network of computers, or nodes
On what basis does the network verify whether the block is legitimate?
It employs a consensus method like Proof of work or Proof of stake to guarantee that a blockchain contains only authentic information and transactions.
Proof of work, which involves solving difficult problems, or Proof of stake, which involves users staking currency for a predetermined amount of time in order to support a blockchain’s operations.
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Know more about the best crypto coins that you can start staking with today for an exciting passive earning

1. Ethereum:
Known for its broad development community and adaptability, Ethereum has its own blockchain and makes the use of smart contracts and decentralized applications easier.

2. Bitcoin:
The first digital money ever made for peer-to-peer transactions without the need of any central authority.

3. AVAX (Avalanche):
Is a high-performance, adaptable blockchain, that helps build and run different blockchain apps quickly and easily.

4. AAVE:
It enables users to borrow money with Bitcoin as collateral and earn interest on deposits.

5. BNB (Binance Coin) :
The native cryptocurrency of the Binance Exchange to participate in a number of services offered by the Binance ecosystem and to cover trading expenses.

6. MATIC (Polygon):
It uses its own network to conduct transactions, making Ethereum use more affordable and quicker.

7. Shiba Inu (SHIB):
Coming from a well-known dog meme, this is a lighthearted cryptocurrency designed to foster a sense of community and ecosystem.

8. Doge (Dogecoin):
One of the most liked, humorous digital coins with a Shiba Inu dog on it. Analysts expect it to remain a major player.

9. Solana (SOL):
A blockchain-powered digital currency that facilitates speedy and affordable transactions and applications.

10. Tron (TRX):
A cryptocurrency used on a platform that promotes the development of a decentralized internet in which users can exchange content without large corporations having control over it.

Staking cryptocurrencies has a number of advantages. As you decide to start skating, you would intuitively start doing your research and rule out various crypto communities to interact with. If you don’t intend to sell your tokens anytime soon, you can get passive income just by keeping them. Starting to stake with a wallet or cryptocurrency exchange is simple. Staking also helps the blockchain projects you prefer by improving their efficiency and security, which makes them more resilient to attacks and adept at processing transactions.

FAQs

Which are recent crypto coins?

Aptos (APT), Sui (SUI), and Blur (BLUR) are some recent coins that have gained attention for their innovative approaches and technologies.

What are good crypto investments?

Robust, well-known currencies or exciting ventures with excellent technology and use cases make for good cryptocurrency investments.

What does high staking mean?

It means committing a large amount of cryptocurrency to a staking network, leading to greater rewards or returns due to the larger stake.

How do we obtain new tokens?

New tokens can be obtained from the listings on decentralized exchanges (DEXs) or initial coin offerings (ICOs), token-generating events (TGEs), and airdrops.