2019 — The year of staking coins?
Earning staking rewards should be as easy as possible. Tezos already provides the best way to do that, as “baking” (staking within the Tezos protocol) is the most advanced possibility to do so.
The delegation feature of Tezos makes it possible to not even expose your Tez to any risk.
Staking as a Service?
Staking as a Service could be the easiest form of staking, as no knowledge on consumer’s end is needed.
Note: Please always consider the exchange risk if you store any cryptocurrency on an exchange. This article only refers to accessibility and usability not on enhanced security.
Coinbase first mover for mass adoption?
Coinbase is currently focusing on coins based on proof of stake, numerous articles reported.
Coinbase is not the first crypto company distributing baking rewards, but the exchange used for cryptocurrency beginners or people do not want to focus on the underlying technology.
Note: Gate.io already distributes baking rewards to account holders.
Hiring of Tezos specialist
Coinbase was recently hiring baking specialists from various fields including Tezos (Luke Youngblood).
Chances are high that Coinbase will enable the possibility to earn block rewards completely through the exchange account.
Tezos Baking/Delegation
You want to bake your Tez securely on your own. Here you find the tutorial for delegating your Tez using your hardware wallet.
Happy Baking
KR Tezard
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