What is a blockchain wallet? As you read on, you will see it is a totally different kind of wallet! If you are of cool earthling species, then most likely you know what a wallet is. A wallet is a leather bound “fold over” pouch, to store cash, credit cards, and awesome photos of “that hottie”, and that cool sports car you are going to buy, when your bitcoin goes to $200K each.
The blockchain is the new future database and platform that Crypto-currencies reside in that requires a wallet to exchange, utilize and redeem. In other words, this virtual environment, this is the equivalent of the wallet in your back pocket, only un the data world.
What is the best way to upload cash or fiat into Cryptocurrency? Your search ends here! I use the blockchain wallet with COINBASE. I highly suggest you set this up, this is the best way to learn more. Just for joining, you get $10.00 in BTC.
In addition, there are many other wallets. These wallets all have specific purposes and resource within blockchain, cryptocurrency and the growing digital future, waiting for those of us who want to ride the blockchain train!
Blockchain Wallet Devour This Stake!
This stake is not your average T-Bone, Sirloin, or Rib-Eye! In other words, Coinbase offers this stake meaning “staked coins”. Moreover, the option to “stake” means to hold your coins for gains. You make the choice to lock your coins, where you “stake them”. This means you will not sell, or transfer them. They hold the coins value itself. As a result of doing this, you receive an Annual Percentage Yield (APY), as you would a bond or savings account. These percentages range from 0.01% to sometimes 25% or more. All of those supported with Coinbase, generally have proven to be safer. With almost anything, investments involve risk, and staking is no exception.
Staked Coins gain in rewards. These gains are usually in additional coin, as the staking is occurring. This is just like a bank bond or certificates of deposit. In conclusion, they are used for creation, and leveraging of additional crypto coin creations.
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