Invest
Blockchain Investment — Part III
By ccloh Strategic Investor Zone  •  November 7, 2021
Continued from Blockchain Investment -- Part II
In the last session in Acquiring Cryptocurrency, two methods were mentioned -- Direct and Reward.   This session shall cover on the 3rd method -- Staking.
3. Staking On an analogue to share in stock market, one might view staking similar to scrip dividend as a mean of increasing one's holding while holding onto the assets.  However, the underlying is not exactly the same.   Cryptocurrency staking occurs due to the Proof of Stake (PoS) algorithm in verifying every transaction of the coins or token.  PoS coins or tokens can't be mined with hardware like ASICs, GPUs, CPUs and harddisks (these are the Proof of Work, POW algorithm) making verification of the transaction can't be done by just anybody with the hardware.  One need to hold a stake in the asset to participate in the verification process.  The amount of reward gained upon...
Read the full article
By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance