The economy system all over the world is rapidly converting into a Digi- preferred economy. Starting from the manual system of operations to an advanced and technologized digital economic system, we all have lived this journey of success towards making the world a digital platform for operations. From investing money in any kind of project to transferring it to the other, from preferring online transactions as a mode of making payments to receiving the same, everything has become automated.
Development in this system of going paperless has increased the interest of the general public towards online monetary transactions. Nowadays, the most propitious encouragement to the digital system is cryptocurrency.
I am sure nobody’s hearing this word for the first time. In spite, most of us are interested in earning income from cryptocurrency.
Cryptocurrency is a kind of virtual currency that uses cryptography techniques to secure financial transactions, verify the transfer of assets and protect them from being pirated. Income in cryptocurrency holds a large amount of public interest nowadays.
One of the most preferred ways of earning income in cryptocurrency is blockchain technology. The implementation of this technology has given rise to bitcoin and many other cryptocurrencies.
Blockchain mining is a well-defined way to secure and verify bitcoin transactions to protect them from counterfeit. This process begins when blockchain miners add bitcoin transaction data to bitcoin’s global public ledger of past transactions. The blocks in these ledgers are secured by miners and are connected through a chain.
Since we are talking about bitcoins, so unlike the traditional system of financial services, bitcoin transactions don’t have any central clearinghouse. These are verified in a decentralized clearing system where proper resources are provided for computing and verifying the same. That’s the reason why this whole process of the transaction has been given the title of “mining”.
The main purpose of this whole process of blockchain mining is to process the transaction by adding blocks and ensuring that the money moves securely on Bitcoins.
It’s a very simple process that can be performed by anybody very easily just by installing a blockchain mining software to their computer systems and communicating through it safely with one another.
The blockchain mining system has provided a good platform for its users to earn dividends in cryptocurrency.
Here clicks the next question in mind.
What Dividends are?
These are the distribution of a portion of the company’s profits among its shareholders. It can be in the form of cash payments, shares or any property and when this distribution of dividends is done through cryptocurrency then it is named as crypto dividends.
There exist numerous ways through which dividends can be earned by cryptocurrency.
The popular ones are –
- Staking – Holding a proof of stake coins in a supported exchange.
- Holding – Holding crypto after buying, in any of the wallets.
Here is the list of a few dividends paying cryptocurrencies to earn handsome money.
Kucoin was launched in mid-2017 and from then onwards it has been getting good traction because of its brilliant business model. It is now considered a world-class blockchain exchange.
They have their native token KuCoin shares. By holding these shares, you can receive a daily dividend called KuCoin Bonus. The bonus received is 50% of trading fees.
Another popular cryptocurrency is NEO, also known as the Chinese Ethereum. It exists on NEO’s blockchain. It has one more crypto token called GAS which can be staked in the NEO wallet to earn a good return. Also it has an advantage that you need not keep your wallets open all the time.
Also known as NEBL, this is a new entrant in the crypto family. This is another platform of blockchain for developing ICOs. It can be staked in the official wallets and 10% of annual return can be earned on total holdings.
Ø NAV COIN
Last but not the least, this is the first cryptocurrency which holds the system of dual blockchain for private transactions. It provided users with faster transactions within 30 seconds. Also it has optional privacy with dual blockchains. The annual return of 5% can be earned.
Earning through a digital medium has now become a golden opportunity for the public to get an increased annual return which is more than that offered by banks.
Cryptocurrencies have built up their potential to help people in earning a good amount of revenues. They provide good investment options and so the good number of returns on it.
But as each and everything has its pros and cons, so more the investment, higher would be the risk. Alongside making money, it’s better to be aware of scams because after all it is in a decentralized space.