What is a Blockchain Wallet? That is the right question to ask. A wallet best known for it’s function, hold the cash we carry, credit cards we have and a photo of all the children we love. As well as the photo of your best girl, that became your wife. (that you can give that second Honeymoon to that she deserves when you bitcoin reaches $200K each).
Now the Blockchain – a database for the future and platform of Cryptocurrencies that resides inside, the wallet is so you can exchange, utilize and redeem. The virtual environment, works much like the wallet in your pocket, just in the virtual environment.
Need a way to upload CASH or FIAT into cryptocurrency? Blockchain wallet, COINBASE (get setup – you will learn everything you need to know. You get $10 in BTC just for joining).
Now, there are other Bitcoin wallets – that have purpose and recourses inside Blockchain, cryptocurrency for growing digital future for everyone of us.
Coin Staking is now being offered through Coinbase with the option to “Stake” to put your coins on hold for gains. When you “STAKE THEM” you agree to lock them, which means you agree not sell, trade or transfer them. You are now “STAKED”, they will hold value as the COIN itself. And in doing so you will receive APY or Annual Percentage Yield that works like a Bond or Savings Account. They can range from 0.01 to sometimes 25{77f8e332d6688e86753cd5f6507b0c900d532747a8002997e4f852070e5a2dcb} or more. With the Coinbase they have proven to be safer. But there is always a risk with investments which includes staking.
Your Staked Coins can gain in rewards, in addition to coin while staking is occurring. Comparable to a bank bond and a Certificate on Deposit. It is used as to generate leverage for the creation for additional Crypto Coins. When it comes to the blockchain there are known advances being made especially with the utilizing of a blockchain wallet.