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Crypto Info Wire announced the launch of a new report on the best way to earn Tezos crypto and staking rewards using Coinbase. The report covers the essentials of not only how to buy and sell Tezos but also how to bake it.
More information can be found at https://cryptoinfowire.com/tezos
Unlike mining crypto, baking does not require expensive hardware or a lot of electricity. However, baking still secures the network, verifies transactions, and distributes rewards, and the newly launched report at Crypto Info Wire aims to provide detailed information about baking Tezos (XTZ).
Tezos is a decentralized blockchain platform that works on delegated proof of stake consensus, provides more scalability, control, and security to the medium and its stakeholders. In addition, its generic network protocol allows it to be flexible and compatible with changes as the project develops over time.
According to the new report at Crypto Info Wire, baking Tezos uses a unique consensus mechanism, namely liquid proof of stake. As such, stakeholders are rewarded for taking part in the baking process with Tezos tokens and their baking power depends directly on the amount of Tezos tokens they hold.
Crypto Info Wire also notes that although stakeholders can choose to bake Tezos on their own, this process requires a minimum amount of 8000 Tezos.
However, if stakeholders have less than 8000 Tezos, they can still participate by delegating to a baker to earn staking rewards. In this way, they earn staking rewards in a secure environment with no risk to the underlying asset.
According to the official website of Crypto Info Wire, “It’s super easy to do. You just add Tezos to your wallet, and click the rewards button and you’re done. It’s that simple. The provider I use is Coinbase. They are way ahead of the curve when it comes to user friendly interfaces and reporting. If you already own Tezos, you can still earn rewards by simply sending it over to Coinbase.”
Interested parties can find more by visiting the above-mentioned website.
Release ID: 88938884