))
Cryptocurrency Staking
Manage episode 326605981 series 3313866
Content provided by Victor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Victor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Allegra & Victor are back this week to talk all things related to cryptocurrency staking. In this episode, we explain what the heck cryptocurrency staking is, the ways in which an investor may stake their coins/tokens, key risks & benefits of staking cryptocurrency, how important of a consideration proof-of-stake consensus mechanisms are when choosing whether to invest in a particular project, and our approaches to staking cryptocurrency.
Proof-of-stake technology, as a second generation improvement upon the blockchain, has seen an explosion in popularity recently, driven by its improved fundamentals over older proof-of-work consensus mechanisms. SI are here to explain how you can partake in certain networks by 'pledging' or staking your various cryptocurrencies. By becoming an active participant in the blockchain, you are able to earn handsome returns!
If you can't get enough of Simply Investing, follow us on IG @simplyinvesting_podcast!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/simplyinvestingpodcast/message19 episodes
Share
