StackofStake is a shared Masternodes service created by the SCRIV Network team. The idea behind StackOfStake is simply creating a community shared Masternode pool management service, which everyone can join in and maximize the rewards of their crypto holdings by sharing the minting rewards. With the advent of Proof-of-Stake currencies, a lot of connected services have started to emerge. Innovation in the Proof-of-Stake consensus algorithm lead to an increase in the number of platforms that help the average investor, developers and enthusiasts make most out of their crypto investments without the hassles of complexity and technical difficulties. Staking Services Staking Pools A Staking Pool is formed when several coin holders merge their resources to increase the chances of validating blocks and receiving rewards. They combine their staking power and share the eventual block rewards proportionally to their individual contributions. Choosing a Staking pool to collectively stake and get rewarded is considered a reliable way to make regular reliable profits. Staking pools can help you generate income without doing much work individually as all responsibilities can either be distributed or delegated. MyCointainer and StackofStake are two of the better known Staking pools currently operational on the market. Cold Staking Cold staking means that you can start staking cryptocurrencies but hold them on a secure wallet that is not connected to the internet at all times, i.e., a hardware wallet. Cold Staking is much easier and more secure than regular staking. Networks that support cold staking allow users to stake while securely holding their funds offline. However, if the stakeholder moves the coins out of the cold storage, the stakeholder will stop receiving rewards. This method is particularly useful in allowing large stakeholders in the network to ensure maximum protection of their funds while still supporting the network.The advent of cryptocurrencies and blockchain technology ushers with it a new paradigm in the world of passive income. Besides introducing innovative ways of earning, cryptocurrency have also disrupted incumbent models of passive income. Outlined below are some of most profitable streams of passive income: Staking and Loaning Staking and loaning are principally the same thing, except for the context in which the money is risked. Staking has been previously identified as a profitable stream wherein users stake their coins and earn interest on them, however, crypto loans are more of a recent development. This recency is due to the near-nascence of the Open Finance movement, which is aiming to democratize the world of finance through P2P commerce. The innovation with crypto loans is that users who are HODLing can earn extra capital on the coins they HODL by earning interest on loans.Mining and Masternodes are services essential to the token they service, and these functions are just servicing and are not in themselves a profit. Crypto tokens that need only program the issuance of new tokens from Mining or Masternodes are not creating dividends. Dividends are the result of profit and in essence, they are the difference between the cost of a business and its revenues. Revenues are payments received from other localities for shared capital project costs. The token creation system of a token is not a form of profit. It serves the important function of securing the network and fulfilling the specification of the coin, and the important difference between crypto dividends and minting new tokens, is that crypto dividends are actually a sign of long-term sustainability of an ecosystem creating value. To generate revenue a service that has results has to be offered, to generate a profit the cost of its inputs must be less than the revenue received for the output. The value created needs to be competitive and sustainable in order to have sustainable long term crypto-dividends. Different Ways of Earning Passive Income in the Crypto Space There are different ways to earn passive income from crypto coins or tokens, but these differ from currency to currency because each has its own way of operating and has its own rules and regulations. A number of cryptocurrency projects offer some form of a dividend. Usually, you hold a certain amount of the tokens in a compatible wallet, and then each designated dividend period (between every day, to every quarter), a deposit is made to your account that holds the coins. It’s extremely important to make sure you use the right type of wallet because if you keep your coins on a crypto exchange, the exchange will probably get the rewards instead of you. The most popular ways that actually pay you dividends are: Staking – Holding a Proof-of-Stake (PoS) coin in a special wallet (usually the official wallet of the currency) and getting payouts for the length of time you hold.
by Press Release
by Wayne Jones