Soft Staking: A Different Approach To Crypto Staking

[kannikaamudee]

What Exactly Is Crypto Staking?
What do most people think of when they hear cryptocurrency staking? Many have been told or heard about staking yet they struggle to understand what it actually is or how to do it. Cryptocurrency staking is basically like being paid in interest or a reward for holding the coin. A better term that describes staking is POS also short for Proof of Stake. There are many popular currencies that have this feature, but not all do have such solutions to greater compensate such advantages.

How Much Can Anyone Earn From Cryptocurrency Staking?
Generally speaking, the bigger the input the greater the reward will be, as projects want to incentivize users to play a role and hold their tokens. But it's best to know that cryptocurrencies can deflate or inflate in value depending on the market and what coins they choose to invest in. As some of the staking options tend to lock their tokens that when volatility kicks in, trading that's the only chance to bag immense profitability can shamble the reward opportunity.

The Most Convenient Way To Stake Cryptocurrency?
KuCoin's new Soft Staking system turns staking on its head. As one of the characterizing practice of staking is the possibility of the investment being locked. KuCoin's Soft Staking permits users access to their coins anytime, making an approach to utilize their tokens to acquire while as yet having the option to adjust to changes in the market. With no minimum staking period, clients have the chance to get rewards while keeping up the opportunity and freedom that is so revered in the crypto-world.

Projects Currently Supported By The Program
There are many other cryptocurrencies that also have POS. Hundreds, actually. Several notable coins like these (https://blog.kucoin.com/what-is-soft-staking-kucoins-new-staking-program-sk-bt)tokens in the top hundreds are currently supported and promoted as a new way to stake by KuCoin. Although the exchange stated that they don't have the most impressive returns in comparison with some of the other staking projects currently available, in combination with the freedom provided, it is an interesting prospect.

Making Money From Soft Staking
KuCoin's Soft Staking appears to give the best of both worlds. It truly appears to be an ideal answer to the issue of what staking has been lacking in reaping such rewards. Although there's the security flaws that staking brings, KuCoin has taken advantage of its security and technological capacity to embrace the staking infrastructure into the next level. Thus, bridging the best solutions for users to simultaneously reap the rewards from either soft staking coins or trading.

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[kurcalas]

Making money with staking was already difficult. Large platforms such as Kucoin will also become more difficult if they get involved. So it is much more difficult to make money with staking now.

[Patrix_1]

It is a great feature for users that are holding a lot of tokens from Kucoins list, but such a method is not worth something for normal users. At least a normal user has over 20k EOS tokens to get at least 200 USD per month.

[ololajulo]

It is a great feature for users that are holding a lot of tokens from Kucoins list, but such a method is not worth something for normal users. At least a normal user has over 20k EOS tokens to get at least 200 USD per month.

It around 0.25%, that looks small for a $80k worth token.

[betty11]

Staking is good for people that don't know much about staking. Staking has its bad side, when liquidity becomes low, the interest can decrease depending on the income made by the company, as the company won't pay dividend from thin air, otherwise it becomes a ponzi. I once stake my CET and I loss out all my savings when the coin dumped beyond redemption. I am currently participating in MiracleTele Stacking program. Never stake coins that have weak team and no proper robust plan for dividend. Although some projects now make use of POS.

[justdimin]

This could be totally amazing. There are some banks in my nation that gives interest rates exactly the same way, you do not have to lock down your money to get interest, its not as high as others that you lock your money in but its at least good enough that you can spend your money whenever you want and at exactly midnight whatever amount is left you get an interest rate daily.

Now, this is similar as well, you do not have to keep it on your wallet without moving it, you can keep trading it whenever you want and make moves and in the end you will still be staking, that would be better. Plus if you are in an exchange and stake then you can get more money easily, if you have 100 of something that takes 10 days to stake then 10 people with 100 combined will take 1 day and they will get smaller in number but more frequent, with a lot more people that drops to minutes.

[callyf]

Soft stake this is the new word I see today and from the post I learned soft stake and do more about it.i thing it all about earnings

[MontrachetMTST]

Montrachet, democratizing blockchain asset management

Different Types Of Staking Mechanisms

Regular Proof of Stake (PoS)
As mentioned above, regular proof of stake (PoS) was introduced in 2011. In a
regular proof-of-stake system the creator of the next block is selected in a random
process containing various combinations of wealth or age ( i.e., the stake) not by
computing power as in the case of proof of work.

Delegated Proof of Stake (DPoS)
Daniel Larimer, the founder of Bitshares, Steemit and EOS, created DPoS
consensus algorithm in 2014 as an extension to regular proof of stake with the
objective of solving the perceived scaling issues associated with proof of work.
DPoS essentially seeks to raise transaction speed and block creation without
compromising the decentralized incentive structure of the blockchain. The DPoS
algorithm does this in a democratic manner by creating a voting system that is
directly dependent on the delegates’ reputation. Therefore, if an elected node fails
to behave properly (in line with the rules), it will be quickly expelled and replaced
by another one. As you may have imagined, Bitshares, Steemit and EOS operate
on a DPoS system.

Leased Proof of Stake (LPoS)
In May 2017 Leased Proof of Stake (LPoS) was introduced and implemented in
the Waves project. This consensus mechanism is essentially similar to the regular
proof of stake except users have the option of leasing their staking ability to
someone else. Users must ‘lease’ a minimum amount of coins to nodes that are
considered to be high quality (similar to masternodes) and in return earn a
percentage of the payout as a reward.

Bonded Proof-of-Stake (BPoS)
Bonded proof of stake (BPoS) is very similar to the leased proof of stake protocol
except for any number of users may set aside part of their stake (i.e., bond) in
order to influence block generation. BPoS was first introduced by projects such as
Cosmos and IRISn.

Masternode Proof of Stake
Introduced in 2019, Masternode Proof of Stake (MPoS) is similar to regular proof of
stake in many ways except we are dealing with extremely large stakers, which due
to their size, obtain extra privileges and rewards over normal regular stakers.
As may be implied by the name, a masternode is a well-connected node that
renders a valuable service to the community by maintaining an up-to-date copy
of the entire blockchain. In return for taking on this responsibility and for
committing to stake a significant number of coins, they receive a regular fixed
reward and may even receive up to 45% of the block reward.
Since a masternode is materially invested (and have so much more skin in the
game than a regular proof-of-stake node) they are considered more trustworthy
because they also stand to lose much more if they attempt to become malicious.
Masternodes are usually paired with regular proof of stake or proof of work such
as in DASH.

Zerocoin staking
Zerocoin staking is essentially regular proof of stake except it is completely
anonymous. Currently, Zerocoin staking is specific to PIVX cryptocurrency.

More info about staking is available on our whitepaper : www.montrachet.co