What is Proof of Stake? - Earn Passive Income with Staking
Вставка
- Опубліковано 19 тра 2024
- The best staking resource on the web today: www.stakingrewards.com/
👉Staking on Exchanges:
- Coinbase - bit.ly/35bKkSJ
- Binance - bit.ly/3b86vgq
- Cex - bit.ly/3b6ofZJ
- Kraken - bit.ly/3hKhIVF
👉Staking through Wallets:
- Atomic Wallet: bit.ly/38XGk9D
- Guarda Wallet: bit.ly/389JIis
👉Staking Pools:
- Rocket Pool - bit.ly/3nbYNV4
👉Validator as a Service:
- Staked.US - bit.ly/2MywO5d
💸🤑Staking helps you to earn passive income on your cryptocurrency holdings. In this episode of Crypto Whiteboard Tuesday, we will explain, how to get started with staking and what are the risks involved.
If you are new to cryptocurrencies, start here:
✅ What is Bitcoin? bit.ly/3obzymU
⚒ What is Bitcoin Mining? bit.ly/2JIekOF
🏦 What is Defi? bit.ly/2FfCkWG
Content of this video:
0:58 Decentralized Cryptocurrencies
1:14 Bitcoin Mining
1:47 Proof of Work
2:31 Proof of Stake
2:50 How Does Staking Work?
3:47 Ethereum's Blockchain
4:06 How to Stake Ethereum
4:48 Ethereum Staking Rewards
5:42 Staking Limitations
6:44 Staking on Exchanges
7:13 Staking Pools
7:47 Validator as a Service
8:12 Conclusion on Cryptocurrency Staking
9:00 Bloopers :)
👉For the complete text guide visit:
bit.ly/3rRWn1i
📖 Join our 7-day Bitcoin crash course absolutely free:
bit.ly/2pB4X5B
🔔 Learn ANYTHING about Bitcoin and cryptocurrencies on our UA-cam channel:
bit.ly/2BVbxeF
👇See anything we haven't covered? Leave us a comment in the comment section below - Наука та технологія
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
Stay safe 🙏🏻🙏🏻🙏🏻
👉Staking on Exchanges:
- Coinbase - bit.ly/35bKkSJ
- Binance - bit.ly/3b86vgq
- Cex - bit.ly/3b6ofZJ
- Kraken - bit.ly/3hKhIVF
👉Staking through Wallets:
- Atomic Wallet: bit.ly/38XGk9D
- Guarda Wallet: bit.ly/389JIis
👉Staking Pools:
- Rocket Pool - bit.ly/3nbYNV4
👉Validator as a Service:
- Staked.US - bit.ly/2MywO5d
👉For the complete text guide visit:
bit.ly/3rRWn1i
Make a video on how to trade crypto on exchange practically
Make a video on how to trade crypto on exchange practically
Great video for staking! I have been using this on Cream Finance and i really love how it goes! You can make video about it too. If anyone is into Staking and Borrowing and lending, definitely worth checking out this
@Investwithmichael
U the man brosef
there are a lot of channel on youtube that explain crypo, but this is one of the best.
Albert Einstein once said, If you can't explain it to a six year old, you don't understand it yourself.”
you really explain thing in a simple language that, everyone listening can understand. i appreciate you
Thank you for your kind words!
Thank you for clarifying what proof of work > mining and proof of stake > staking (validator node or service provider).
32 ETH. Yikes. As if I had $130k laying around
i do
@@stephenmcallister2169 well that's probably because you've made better decisions in life
When this video came out i remember it was a big deal eth was crossing the $1000 mark lol
Keep editing the comment as the prices rise! 😂
@@sameershah141 For sure. Although I'm bought in now, so the price will probably keep dropping 😄
This is the best UA-cam channel.. Thank you
+12138070021
I was searching about staking and voilah!! Video uploaded 1 hour prior!😁 Thank you Nate!
I love it when those things happen,
I'd put on a lottery ticket if I were you at the moment.
same here
Me too! I’m reading a book and it talks about it. But I wasn’t able to grasp it very well
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I would consider checking out Cream Finance for staking or borrowing too. Even as crypto it has potential to grow 10x its size so you can check their project for sure.
I expected pictures to understand staking better...jejeje..but there was no need. Nate explained it well and the MOST important part to me was the speed of this voice that remain the same. Some instructors "rush technical words" and they have no idea that they lost us in those seconds/minutes.
You are truly a blessing in the crypto space. I finally understand what staking is all about. Thank you!
I'm so happy there was no mention of etoro in this video, hope you dropped them as a sponsor guys they are bad people. Your channel is great :)
Agree their spread are huge too hard to trade profitably if they take 5/:
One of the best Channel i encounter about the crypto topic as a beginner Bravo
Same here and it's been an amazing journey,
dude your channel is perfect, I send all your vids to people asking me stuff about crypto because by default I explain it in alien language
Thank you so much for this information.
I tried to learn about staking but your video cleara all doubt
ProofofWork is sybill protection not consensus mechanism.
Outstanding video. Fantastic job of breaking down the complex into a non-intimidating format. New subscriber here.
I love how your videos are clear and no longer than they need to be. :)
Complex and super helpful, I'm getting a grasp on proof of stake. Thank you.
I'm about to subscribe! You just broke down so many things I've been trying to understand in so little time.
Thank you!!
Holy smokes! This is my first video from this channel. SuperB explanations. So very clear; it helps out a noob like myself ALOT. I immediately subscribed! Keep up the great work.
The concept you put up is so well explained, I do not get bored listening and I can understand. Simply well done!
Awesome content, I've learned a ton from your channel in only a few videos. Thanks a lot.
What are your thoughts on Garlicoin?
Nate, that filled me up and nobody does it better when talking crypto. And your bloopers are a good laugh that reminds us you are just human and we appreciate that.
Your videos are clear, concise and on point. I am learning a lot. We need more people like you to educate the world about crypto and its pros and cons. Thank you.
He is horrendously confusing and muddies the water with unanswered questions.
You have the perfect voice and cadence for this!! Thank you
Happy new year to a great Channel!
Nate, I love the blooper reel at the end, it just shows you are a real human being> I especially like the "Hi, I am Elmer Fud here at 99 Bitcoins" part. :) PS: good video thanks so much for what you do.
Are you interested in getting info for better crypto gains
@@investopads.9823 9jbj
thanks for the info, you are very well spoken.
so much so that I can watch it at 2x speed and all the info comes out clear and concise
Thanks for understanding you can also invest on crypto platforms and earn a lot per day
@@user-lm6iz5gg7h I've reported your account for investment fraud, just thought you should know
Good job mate I mean nate, I wish you do some in-depth and technical videos about implementations and other low-level stuff, I want to hear it from you :D, thanks
Hello very informative video thank you. My question is if you stake ethereum on coinbase do you still earn gains and losses in the market? I tried Googling the question but I don't think I'm asking it right. Thank you
i love this channel and how well everything is explained!!! AMAZING
Thanks for your understanding
I got 99 coins but a bit ain’t one. 🙌🏽
I like your video. Brilliant an very unique idea.Thanks for sharing this valuable video.
Really glad I found this channel. Great to share with friends and family that are new to the space.
@@themoon9122 scam reported
Thanks, that was really informative and in a concise 9 minutes!
you are welcome.
Excellent as always you’re saving lot of time for us & guiding us in right direction. Please keep it up.
Best crypto tutorials channel
best and easiest explanations, I subscribed, thanks
Good job, and good bloopers too!
This presentation set off a lightbulb for me. But learning something always means you need more answers! If mining is using computational power to guess a number, I have to ask: Where did this number come from? Who or what decides when the number has been correctly guessed? Are these all predetermined by the consensus mechanism?
Amazing video, this is definitely the best and most pro crypto channel on youtube!!!
@99Bitcoins I follow your channel and look all your videos. Keep working like this!
Everything clear as water..thanks for video.
Awesome video; the problem with the rest is that they are made from and for technological geeks so they start by explaining everything as if you already know the basic and advanced technical concepts behind.
Brilliant and so well explained - thanks again.
So grateful Nate to your excellent teaching style.. you are awesome.
Thanks a lot for this informative video. Will validators get block rewards in POS or it is just the transaction fee?
your explanations are absolutely clean and easy to comprehend!
Great video. You did a great job of clarifying what staking actually means...
So what prevents entities with effectively infinite resources (eg a central bank) from simply taking over?
Thanks for all the good information
Thank you so much for another amazing video!
Thanks for your feedback....for more guidance :)
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I staked my first Cardano this morning.
On what? Daedalus?
Where can i stake cardano ?
@@alves-inwl7423 Daedalus and Yorio and maybe others now.
I stake my ADA Cardano on the exodus wallet and the APY fluctuates between 7.00%-8.00%
@@jorgealvarado3512
7-8% annually? Or does it compound more frequently than that??
Thanks Nate for the staking info. Great Video and Happy New Year mate.. Stay safe.. Cheers !!!
your welcome
Do you need me to decypher a new strategy on how to trade your cryptocurrencies for sporadic and maximum income?
it is all well explained, I want to know, do you any companies who run validator as service
You are amazing, thank you for all that you do in making our Bitcoin journey a little bit easier to navigate x
Wow. Rly love all the explanation. Now I´m feeling ready to stack some coins.
Yeah me too I assumed that this new system would completely destroy hopes of making consistent profit but it’s just a new system and way of doing it which I can totally dig
@@skinneyjesus1550 I was reading other stuff about it and I saw that some people are doing both, mining and stacking
Great explanation. Thanks a lot.
Wonderful presentations!
Can You provide a more detail information about "Rent as service option"
Gracias, Ricardo
Yea sure
Thanks
care for Bitcon investment tips for good returns?
I am making the necessary calculation in my head and I get rewarded with bitcoins, no need for a computer. Sometimes I use a pen and paper.
Radical!
Well done, Keep it up it!
Thank you for the breakdown.
Have to appreciate the craziness here. If you have $60k that you can afford to lock away for a stake you get to keep all of your profits but for everyone else you have to pay fees to participate lowering you profit potential.. so this is definitely an example of how the rich make a higher rate of return just for being rich... Doing the exact same thing is, dollar for dollar more valuable if you're already well off and to think it is an intentional decision to create a ridiculously high barrier to entry put in place by people who were able to get rich through mining... I guess now that they're in the elite class they're happy to deny others the opportunity they enjoyed.
Welcome to the real world bud.
Take a loan out just like most rich did. Most rich folks aren't born into it, they took risks.. risks that you're clearly not willing to take.
Thank you for an easy to understand explanation of all of this.
Since you mentioned a random winner will be allowed to forge the new block, how is it divided between all the stakers? (according your example of 1 M ETH staked vs 3 M ETH staked). Want to understand if i stake, whether there is a guarenteed return or not for me?
Algorand lets you stake 7.5% by just having 1 ALGO in the algo-wallet. 6% on Coinbase. Algorand also has the best technology currently available.
So is that % monthly or yearly?
This was without doubt the best and most informative video on this topic I ever saw. Fantastic explanation
Staked baby! Earning 6% APR on money that I don’t plan on using for a while. Ethereum 🚀 🌚
Hi can u tell me what site is best to use for staking?
Hey man what if the price increases by 10x for ETH ?
@@tylerdurdennn2654 I’m still able to buy at current level. I’ve just staked a portion of already existing ETH. For instance, I just bought more ETH yesterday.
@@clydealmeida2052 Coinbase mobile app is very user friendly and allows staking of ETH and ATOM.
@@DocLunks I'm having problem of verification in coinbase. I send proper natural light pictures of my id which is clear it still denies, tried with all 3 proofs. Can u help?
You are a great teacher! Thank you for sharing your knowledge!
Well explained!! Thank you
I want to know what the risk is. If I stake my coins, could they be lost? Is it like a bet? Do they just lose value over time because more coins are being generated? How do I make a profit from staking? If my staking pool gets the reward, do I just receive a percentage of that to my crypto wallet? or is it automatically restaked?
The biggest thing I want to understand is, what are the risks associated? With PoW and mining, I just plug in my GPUs, fire up a batch file, and I'm making money - electricity cost. I don't run a large risk, imo. I get paid out the coin from the pool. The only risk I see with PoW is the fluctuation in crypto prices.
It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards on the appropriate expiry date . In most cases, you'll be able to stake your coins directly from your crypto wallet, such as Trust Wallet.
Loving the presentations, Nate Martin. Learning a lot quickly. Please keep it up.
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!
@@annetteveronica157 Suggested friend list....where?
Hi enjoying these cryptocurrency introduction videos!
Please make one for cardano too
Thank you so much！ This is really helpful
can anyone recommend where to stake coins ? i use binance, and it allows some coins but not a huge variation....
also, if the staking deals are "SOLD" is there anyway to be first in line when it is available ?
Are you interested in getting info for better crypto gains
All this talk about stake ended up sounding like steak and now I'm hungry... lmao
care for Bitcon investment tips for good returns?
Give a man a steak he eats once, teach a man how to stake he eats forever!!
@@hysterlife7854 nice
6:30 Answered my question as I am an ordinary everyday person. I'm on Coinbase and I'm getting ready to stake some Etheriam 2. It won't be much but at least I don't have to throw down for 32 Ether
@@annetteveronica157 I think that these lists are random at times.
Thanks for the great explanation..!
Thank you for sharing your knowledge Nate and for all the other videos you made. I am not tech savvy but I have an interest on cryptos and just trying to find information that's easy to understand before getting into it. I've heard a presentation about "TECH ROYALTIES" and having listened to your videos and other UA-cam presentors about STAKING, it seems that the these 2 terminologies and the mechanics are the same. Any thoughts?
How does this whole bitcoin things works, I'm interested in it, willing and ready to invest heavily but need an assistant to properly quide me through on how to make a good startup and be successful in it without making mistakes
Crypto trading is very profitable when you trade well or seek a professional help
If only you know what the future says, you'll know that indeed crypto currency is the future, investing into it now will be the wisest thing to do. Hold!!! And you'll thanks yourself
Exactly, at the moment bitcoin is the best and profitable coin to buy and invest in if you have wisdom
there are staking POOLS as well though
just like mining has
Amazing info, well explained.. really appreciated. Top man!
Nate explains complex subjects so effortlessly, I'm so glad I had the opportunity of stumbling on this channel...
Thank You for the great job Yo doing
@99Bitcoins I'd very much appreciate such gesture, please share.
@@sazzyoriakhi5457 don't fall for it its a scam account
@@hasoonnine Thank Man I already noticed... Stupid idiots coming under every channel to prey on people, newbies especially!
@@sazzyoriakhi5457 they are absolutely everywhere, dont know how they do it
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It was successful
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How can i do this am interested
Madam Rita is an expert she did this for me
Solar Flare? I'm still not able to find a straight answer about if a solar flare happens. If you mine then you need to get it into a wallet to get it into the blockchain? Something like that? Supposedly a solar flare would not affect every single computer/server across the globe? Do you have a video about this?
You only have one episode in your podcast? Please give us more - I like to learn on the move :)
Great content. Thanks
@@investopads.9823 well, I do have some cryptocurrencies which I decided to hold for the long term.
But I’m starting to worry that I might need to educate myself on when to sell as I see the stock go up and go down.
I hear there is some sort of method combining the news + technical indicators.
@@ErnestAdewoyin contact on watsap to learn
@@ErnestAdewoyin don't contact the scammer mate! 😅
Who thought “forge” is an appropriate term for generating blocks in a trust-free environment?
yep...me too...very appropriate..!!!
Thats a great question!
Forge also means to create, as in forged metal.
@@TheB4mvfreak Thank you. That should be the most common way to see that word but apparently is not.
Forge doesn’t mean “to counterfeit” it means “to make”.
Can you explain the tax implications of staking? I heard that you have to pay taxes on the amount you’ve earned through staking.
Are you interested in getting info for better crypto gains
I am a little bit confused. Would not that eventually turn down the token price as more and more stakes join? it does not make sense as business model !
THANKS for creating these videos! Please continue with your great educative work!
32 ETH @ $1,200/Eth (as of this writing) means you need to put up $38,400 just to be considered for a node?!?
Cardano doesn't have a minimum stake amount
it seems crazy i know... the system that benefits the rich i guess...
@@chriskantai2351 it does on binance, it's 5000
@@kezza10mail I would recommend staking to a stake pool rather than a centralized exchange
@@chriskantai2351 any suggestions ? trying to keep it all nice, neat and secure. cheers
32 ETH?
That coin is like $1650 right now
You can get a few people to stake with you and lower the eth amount of your contribution
It broke $2k today, 32 ETH is over $64k now.
3.7k today lol better get in sooner than later
When staking, is the P.A based on value, or number of coins?
Example: If I stake 10 coins and it's 10% P.A would that be 10% of number of coins, or 10% of the value of the 10 coins and paid that value in that coin?
Your videos are so knowledgeable and interesting but here is one suggestion for you that please use some graphical representation or infographics in your every video to make audience more engaged and interested. ❤️❤️
Who pays for the staking rewards? I.e. where does that ETH come from?
From what I understood, the staking rewards come from you, or your staking pool forging a new block. you get a percentage for the new eth coins that were minted (unlocked) from the forge. Think of forging as mining, but you wont actually be using massive compute power. Honestly this seems like a death blow to small miners to me. I run 120MH/s I don't have 32 eth to put up for this.
When someone transfer Eth to someone else, they get charged a transfer fee, otherwise known as Gas. I guess that goes to the stakerss or the validators.
Rewards are allocated by staking amount. Basically, you are getting rewarded for saving. The money comes from the algorithm, which is basically inflation. All crypto is inflationary and is the source of all rewards. It's kind of like what the government does to fiat, but instead of the state getting the inflation, you get the inflation.
I hope it is tx fees and not inflation. I have heard the reward can be up to 18% APY. If it is inflation I will just keep my money in Bitcoin rather as this would mean clearly that ETH is not a good store of value unless you stake(which honestly just starts to sound like a ponzi or MLM then)
Its just like mining, your coins mine brand new coins
never give your keys to anyone ever lol
Good job. Thank you for your education.
Is staking the same as delegating?. And how is staking different from liquidity pool
Hi Salaudeen,
In a way, yes. In some assets like Cardano, Delegation is the name of the process that makes staking possible. When you stake, you lock your money and put it to work for you. One way of staking your assets is contributing to a pool of funds to enable other people to trade - hence providing the 'liquidity pool.' I hope this helps.
what is happening to the pool of staked coins during this time? do they just sit there? that is the only part i don't understand. thank you!
THE RICH GET RICHER BY SPENDING LIKE THE POOR AND INVESTING AND THE POOR GET POORER BY SPENDING LIKE THE RICH AND NOT INVESTING
"The poor should invest" is one of the lies you rich fuckers always say. The system is rigged. The market is rigged against retailers.
Just look at the recent GME circus. Brokers halted trading when Hedge Funds were losing billions.
@@brokeindio5072 lmao you said it yourself the system is rigged thats not the rich mans fault thats government and regulation . The poor will always point fingers
@@zealdmv3314 let me ask you. Who pays billions in bribes - i mean lobbying - to keep the mechanism in their favor? Do you live under a rock?
Keep being ignorant brother.
Minecraft Nigga i know all about lobbyist that’s a government problem like i said . We shouldnt blame someone just because they’re rich i understand where your coming from but it’s jus a toxic approach
@@brokeindio5072 your always going to be poor with that mindset. And the system is not rigged it’s set fair you people just look for excuses for not putting in the work like other people do that’s why the poor are poor and the rich are rich.
When I'm old in a home, some other old dude will be bragging about how he made his fortune doing this.
He probably wouldn’t be in a home lol private nurse status
Nate, you are the best! Thx!
good info, i currently have Divi Staking, and its returns are good
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!