How Staking Is The Next Step In Crypto

[OGEOS]

In case you are late to this party and don’t yet know what staking is, staking is essentially the hoarding of cryptocurrencies. It's when individuals hold their crypto assets in wallets rather than using them for transactions. While this may sound counterintuitive, it appears to be the next step for crypto, and it is becoming increasingly more popular.

Here is everything you need to know about staking and why it is becoming more popular: https://e-cryptonews.com/how-staking-is-the-next-step-in-crypto/

Are you staking your crypto assets?

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[Tipstar]

POS coins awards users to stake and keep the wallet active as it helps to verify transactions and keeps the blockchain running. Staking of limited supply coin can be useful as the price may rise with rising demand and lower supply. Some services like binance exchange rewards users for holding coins on their wallets.

[Psynthax]

Im still staking my asset and it becomes a popular thing caused by people can start to earn without to do anything. Your token acts as your power in the network to help to secure the network. You get your reward from your power to help the network. I never encounter any problem with it and i can still a few bucks every day. That's not bad.

[20kevin20]

I do have a few alts I'm staking on my Trezor & Ledger, but it becomes a little headache because I have to visit specific websites to claim my rewards. On the other hand though, a little more every day doesn't hurt at all. However, the amounts I'm holding in alts is pretty small in comparison with BTC..

Is staking really "the next step"? Because AFAIK, staking is much less safer than PoW is..

[Nasonn]

What happens when projects run out of funds to pay stakers as their rewards? If everyone stakes their tokens, what will the rewards be like for small holders? Lastly staking is not really the next step that's my thoughts because lots of things needs to be reconciled before we can say staking is the next step.

[Lhaine]

What happens when projects run out of funds to pay stakers as their rewards? If everyone stakes their tokens, what will the rewards be like for small holders? Lastly staking is not really the next step that's my thoughts because lots of things needs to be reconciled before we can say staking is the next step.

actually this questions should ask directly to the project owner that have staking rewards they are the one who can answer it. They will give different answer for that questions other will use the buy coins so they can continue rewarding people if they already got the maximum supply of the coins.

Staking has been announce even the bullmarket start in 2017 do its not new ideas.

[palle11]

Some project already have staking in their program especially with bounty hodlers. Although many times it is conceal from bounty hunter but at the time token is distributed to you, you see it that you can stake it for few note token after some duration of time. Yes I have noticed that with some bounties.

[jossiel]

Not yet.

I'm waiting for the transition of Ethereum from PoW to PoS so that I can share a portion that I hold from my portfolio to a pool to stake the coin.

[Mulann2]

Not all crypto is stackable and sometimes staking a coin requires the person to have their pc running 24/7 which most people like me can not afford to do, reason because I don't have a dedicated internet connection at home, there is no guarantee of constant electricity  so this limitations may hinder some not to be able to engage in staking,
Maybe even you have an online staking platform, it could that your coin is not part of available coins there, that too is an issue,
Although staking can give more reward instead of just holding.

[Winscosinally]

I find staking to be very easy, no worries about other things like cost of electricity or high and low mining difficulty but I prefer POW over POS simply because its more fun, staking a coin for an annual will only fetch you few %%% but trading can fetch you more

[Winscosinally]

What happens when projects run out of funds to pay stakers as their rewards? If everyone stakes their tokens, what will the rewards be like for small holders? Lastly staking is not really the next step that's my thoughts because lots of things needs to be reconciled before we can say staking is the next step.

Then be more careful which coin you decide to stake, not all POS coins are worth buying and staking, go for the old projects or Tezos, for me I'm looking forward to solar mining, the only problem with Proof of Work is electricity cost, if there is a way or solution to power / electricity then it will be way profitable

[OasisDre]

Proof of Stake is safer but comes with lower profits, still better than POW for me because you just click on stake button and you sit back and continue with your life, you don't have to worry about costs of mining or cards overheating

[GreenStox]

No, I prefer to sell and buy for now, although coins can be made through the use. However, if market conditions continue to deteriorate, the value will be the same or even worse. It is better to wait for the correct entry to enter and unblock it.

[jrrsparkles]

IMHO,staking is not popular and not worth it as well in my opinion. The returns from staking a coin or token a year will be in single digits and more legit coins have in fractions but the same returns can be made in a day or two by simply trading with the swing price movement.

[Twinkledoe]

IMHO,staking is not popular and not worth it as well in my opinion. The returns from staking a coin or token a year will be in single digits and more legit coins have in fractions but the same returns can be made in a day or two by simply trading with the swing price movement.

Actually, this is true in most PoS coins. Like for example, I am staking some coins now one is already in the exchange and the other one is not, and I guess it will be miracle if the last one will hit the exchange. So I stopped the last one as I have no hope for that anymore, wasted resources. But the other one, I don't know if I can get profit out of it. Staking really depends on the coin's development. It is not how much you are getting everyday, but the real devt behind it. Because without devt, they will not attain good value in the market.

[Febo]

In case you are late to this party and don’t yet know what staking is, staking is essentially the hoarding of cryptocurrencies. It's when individuals hold their crypto assets in wallets rather than using them for transactions. While this may sound counterintuitive, it appears to be the next step for crypto, and it is becoming increasingly more popular.

Yes you are right there. Staking is hoarding of coins. But if coins you are hoarding have no use case beside giving staking reward to owners, then that is a classical ponzi to me.

[vycl87]

I used to use staking apps and wallets of those coins. But one day I noticed that the beings I had were scattered in many different places. I was stake at least 10 different coins somehow.

I also noticed that the rewards that come with staking don't cost a lot of money. Then, I chose to reduce the number of coins I stake and use soft-staking methods, as in Kucoin.
(In addition, XTZ, ATOM and TRX staking in the Trust wallet can be used very easily.)

[nutriagrigia]

no. I do not do this. I choose the option of trading. but you can also use Landing on a Binance. Staking for me is a very small percentage, and it’s better to sell your assets all the right time and not keep them frozen for a long time

[mrdeposit]

Staking altcoins have seen a great interest by the majority of the long term investors. Even some exchanges sent a dozen mails for joining their XTZ staking contest but the conditions are not good for the small investors. Cex.io even has the staking feature but I don't think POS coins will be valuable due to the inflation.

[BChydro]

Staking altcoins have seen a great interest by the majority of the long term investors. Even some exchanges sent a dozen mails for joining their XTZ staking contest but the conditions are not good for the small investors. Cex.io even has the staking feature but I don't think POS coins will be valuable due to the inflation.

It is a shitty idea and it will burn out in the next ten years, it is a monopoly solution where the rich dictates things and i am not going to use those coins or whatever token, initially there will be a huge rush and eventually it will flame out just like the ICO market, it looks fresh when it is new but when the small time investors or traders understand the monopoly people will find better coins which has utility.