If you have a pot of crypto lying around, or you’re interested in investing long-term, staking is a great way to earn rewards or to earn some extra income without having to sell a single coin or having in-depth knowledge on technical analysis.
So, if this interests you, consider staking one of the coins above, on a reliable platform, for some nice rewards.
What do I need to know ?
Staking is the process of holding funds to support the operations of a blockchain network through a reward-driven process. There is more than one differentiating feature offered in crypto-industry and staking is one of them.
In simple terms, staking simply stands for holding a cryptocurrency in a wallet for a fixed period, then earning rewards on it. The reward earned from staking varies depending on the length of time you hold it.
How do I get started?
Validators provide a valuable service in securing the blockchain. The incentive for doing so is the blockchain’s native token. For new entrants to the proof-of-stake space or for outsiders looking in however, validators often appear undifferentiated. The lucrative rewards seeded out by these networks attracts a large cohort of validators.
On the surface, each validator in this growing group offers the same basic, commoditized service. Many new arrivals to Proof-of-Stake blockchains have the same basic question,
This list helps shape your decision making process when choosing a validator. The four areas for consideration are:
- Validator Fees
- Validator Performance
- Validator Security
01node as a example of a Validator,
● We are a highly skilled and dedicated team with decades of experience in the fields of software development, highly available IT infrastructure, cryptography and financial services.
● 01node operates validation/oracle services on the folowing networks: Cosmos, Iris, Terra, Skale, Near, Xdai, Starname, Persistence, Sentinel, Osmosis, Regen, Secret, E-money, Thegraph, Chainlink.
● We strive to maintain an uptime of over 99%, our track record can be seen on all the public explorers for the mentioned networks, some of them aggregated here: https://www.mintscan.io/cosmos
● We also run full nodes for Ethereum, BSC, Polygon/Matic, Avalanche, Heco and various testnet like Solana, Skale, Near, Althea, Wormhole, Agoric, Sentinel.
●Our protection against cyber attacks is based on a packet tarffic analysis solution and high performance hardware. Conectivity in our datacenters is achived through stable interconnctions with multiple providers summing a total bandwidth up to 20Gbps.
Networks with high APY%
There are lots of networks you can earn from but in today’s article will have a look at top 5 networks with high APY% on which we run validation service