Ethereum, the second most popular and largest cryptocurrency after Bitcoin, is about to switch from a power-hungry proof-of-work algorithm of finding consensus to a more environmentally friendly proof-of-stake model.
Under the new system, large Ethereum holders (32 ETH) will be able to stake their coins and passively earn a share of transaction fees.
With the staking program that Coinzh now offers its customers, you no longer need to be that holder. Coinzh pools the coins and stakes them on behalf of the users, allowing even small balances to become a network validator and start earning rewards. Yields depend on the network, and currently you can pull in around 4% APR.
You can watch your balance grow in real time - pending rewards are shown in your account settings next to the current network rate. By staking your ETH, you help secure the Ethereum network and validate transactions.
There's no minimum requirement how much Ethereum you can put to work, and you can either stake your entire ETH balance or some part of it. You can trade your staked ETH as if the coins were not staked at all. Other than having to enable the staking option (which is disabled by default), you don't need to do anything else.
Coinzh does all the grunt work for you.
And if you don't want to stake your coins, you can always disable this feature in your wallet settings.
More gains to Crypto Culture🔥. Reshared🔁
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