Many people are familiar with mining Bitcoin or other cryptocurrencies. This method of securing the Blockchain is known as Proof of Work: https://en.wikipedia.org/wiki/Proof-of-work_system
Not many are aware that you can also be rewarded with new coins through a process known as Proof of Stake : https://en.wikipedia.org/wiki/Proof-of-stake
This method requires no specific hardware. Only that you have coins in a wallet that also does Proof of Stake
Proof of Stake is similar to running a Master Node. Dash was the first coin that allowed one to be rewarded with new coins.
The downside here is that you need a certain amount of coins in your wallet/node, in order to have a Master Node. https://en.wikipedia.org/wiki/Dash_ (cryptocurrency)
To see what rewards one can expect through this process, you can refer to these websites:
https://masternodes.pro/statistics
https://masternodes.online/
https://www.poslist.org/
The difference between mining coins and staking a coin is quite obvious.
To mine coins you have to purchase equipment or buy a share in a pool online.
To stake coins, you just have to fund a wallet with some coins. (You can always get your initial capital back by withdrawing and selling the coins)
A Master node has a similar scenario as staking, but with the difference that a minimum amount of coins is required in a node in order to get rewarded.
An online platform that I have found that allows you to stake coins and also to run Master nodes is: https://simplepospool.com/?ref=cirrambitcoin
(They are NOT a MLM/Network but offer a 4 level affiliate bonus. This makes sense in the context of what they are trying to achieve. More coins, the larger their stakes and also the easier to get enough coins together to run Master nodes through participation.)
I find them very transparent with their own Discord (online platform) channel and public Support chat rooms. They also publish all results of their staking and Master nodes and rewards offered.
In order for you to easily purchase 95% of the staking coins that they offer, it is recommended that you use https://www.coinexchange.io/?r=fe7d9898 to easily purchase them.
If you would like to join the conversation on Telegram, please join here:
https://t.me/joinchat/Do-4jUT2dbBKkTVyudwFIg
Warning! Unlike mining, there’s no real way to see if they are listed on the Blockchain because that would entail them to publish their wallet numbers. Because many of these coins are anonymous coins, it would virtually be impossible. So please take care to NOT use funds that you are not willing to lose. This is not only because of the platform but also because no one can predict where the value of these coins will go. Please use your own due diligence.
