Digital currency staking in Tetherland piggy bank; The easiest way to make money in the crypto market

Maybe generating income by trading in the cryptocurrency market is unattainable for some people; But you should note that buying and selling cryptocurrencies is not the only way for you to make a profit in the cryptocurrency market and there are other ways that you can make a profit without having to bear the stress of trading cryptocurrencies.

One of these popular methods is staking. Currently, you can easily experience the sweet taste of cryptocurrency staking by using Tetherland piggy bank service. If you want to learn more about staking in crypto, read to the end.

As you know, blockchain networks are managed in a decentralized manner; Therefore, a transparent and efficient consensus mechanism for validating and verifying transactions in each network must be determined; A mechanism that both guarantees blockchain security and improves its scalability.

In the meantime, experience has proven that the Proof of Stake consensus algorithm is the best consensus mechanism in blockchain networks. In the form of this consensus mechanism, first, a number of network members are selected as validator nodes by depositing local tokens, and then they are required to perform the transaction verification process.

Additionally, they add new blocks to the network and receive rewards for playing roles in blockchain networks. Staking is the term used for the set of these processes in blockchain networks.

Blockchain networks that use the Proof of Stake algorithm consider certain frameworks. For example, in some networks validator nodes must stake a certain minimum number of tokens. This amount in the Ethereum blockchain is 32 ETH.

As the number of staked cryptocurrencies increases, the chance of the validator to participate more in the process of validating transactions and creating a new block increases. At the same time, you should note that different types of PoS algorithm are used in blockchain networks; Including:

• Proxy Proof of Stake (DPoS) algorithm: used in the Tron network

• Proof of Stake Algorithm (PoSA): Used in the Binance SmartChain network

• Pure Proof of Stake (PPoS) algorithm: used in the Algorand network

• Nominated Proof of Stake (NPoS) Algorithm: Used in the Polkadata network

• Liquid Proof of Stake (LPoS) algorithm: used in the Tezos network

By meeting the requirements of the blockchain network, people can directly create a validation node; But you should not forget that validators take responsibility for receiving rewards. For example, if there is a problem in the transaction verification and validation cycle, or validator nodes play a destructive role in the network, special crimes are considered for them in the form of withdrawing staked tokens.

Also, many people alone may not be able to act as a validator in a network. For example, depositing at least 32 ETH on the Ethereum network is beyond the reach of many people due to its price.

Staking pools were created to solve these problems. People can place their deposits in staking pools with different funds, and these pools act as validators in blockchain networks on behalf of all members. Aggregating funds in the liquidity pool makes them more likely to succeed in the validation process and, as a result, earn more income. The important point is that the staking reward is also distributed among the members based on their contribution.

“Tetherland Piggy Bank” is the best and most reliable service Sticking Cryptocurrencies are in Iran. You can stake 35 famous and popular cryptocurrencies in the Tetherland piggy bank. The design of this Tetherland service is very simple and you only need to choose the cryptocurrency you want to deposit from among the available options.

After that, specify the desired amount and duration for staking the cryptocurrency. Then, the staking operation will start and at the appointed time, the principal capital along with its interest will be deposited into your wallet. Using the Tetherland piggy bank is one of the simple and low-risk methods of earning profit in the cryptocurrency market.

For staking in Tetherland piggy bank, you need to set the duration of locking your capital. Depending on the type of cryptocurrency, you will have different options from 10 to 120 days. By choosing any of them, you have actually chosen the fixed stick method. All this time, you do not have access to your capital, regardless of whether the price of the cryptocurrency increases or decreases.

Another option available in the Tetherland Piggy Bank is the “flexible” stick time. By choosing this option, you can withdraw your property at any time. This method makes you experience less risk due to extreme price fluctuations of cryptocurrencies; Of course, you should note that the amount of profit of flexible staking is lower than that of fixed staking.

At Tetherland piggy bankYou can see the staking profit of each cryptocurrency. Currently, the three cryptocurrencies IPCoin, MeToken, and Atom have the highest staking profits on this platform with annual profit rates of 20, 20, and 18 percent, respectively.

In addition to PoS tokens, there are other cryptocurrencies in the Tetherland piggy bank service for depositing; Including Bitcoin, Tether, Ripple and Dogecoin. Depositing in these cryptocurrencies is done through staking DeFi (DeFi) like lending.

Staking is the best way forward for holders. Holders typically hold cryptocurrencies for long periods of time. Instead of keeping the capital stagnant in your wallet, from the piggy bank Tetherland You can use it to invest and earn money and aim for two goals with one arrow.

Finally, we must say that Tetherland Piggy Bank is the simplest and most reliable cryptocurrency staking platform in Iran; So don’t miss the investment opportunities to generate foreign exchange income in the Tetherland piggy bank.