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Four Ways to Earn Bitcoin

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2021 edition  Image credits Unsplash Bitcoin or BTC as it is widely known is the first decentralized cryptocurrency and currently the most popular and most valued crypto as well. Most people would love to have a piece of this highly valued cryptocurrency, and in this article, we are going to look at various ways through which one can be able to get a piece of this precious crypto, comparing the advantages and disadvantages of each method. BlockFi Image credits BlockFi BlockFi offers BTC rewards through their BlockFi Interest Account (BIA) which is the world’s first compound interest cryptocurrency savings account. BIA works in the same way the compound interest principle is used by traditional financial services but the only difference here is that if you keep BTC in your BIA account, you will get more BTC in your account from the compound interest. The amount of BTC one earns will be proportional to the BTC deposited and the annual interest is as follows,  6% in annual inter...
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HOW TO PARTICIPATE IN STACKING

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How to Stack credits: stacks.co   Hi there, if you have been following my recent posts here, you are probably asking yourself how to take the next step and stack with Stacks, and if you are new, you are not lost either, this will be very easy to grasp though I would highly recommend you to check my past posts here and here to get a general idea on what stacking is and what STX is. So without wasting any time let us delve right into it! Which Stacking methods are there? Generally, there are two methods in which you can participate in Stacking and these are : Delegated Stacking Self Stacking So to know which one best suits you, let us look at them individually. Stacking as an individual This is when you meet the required minimum (currently around 80,000 STX) as shown in the screenshot below: To participate in self stacking there are several ways one can make use of, examples of wallets one can use are the Hiro wallet which you can download here , and also for mobile there is X...
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STACKING 101

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 How does one earn from Stacking? This is the same question I had when I first heard about Stacks, it is a word I would find being repeatedly mentioned here and there, so after I made my research this is what I found out. As mentioned in my previous post ,  Stacking is holding Stacks in (STX) your wallet and locking them for a specific period of time, which in turn earns you Bitcoins as a reward. This means that Stacks (STX) not only can be used as a method of payment for one wallet to another but also doubles as a way of investing since it can earn you bitcoin rewards This means that by locking your STX, you get rewarded in BTC, and this reward is usually approximately 9 to 10 percent APY which is way more than what most banks give for saving accounts, for example in the US, according to the SmartAsset  website , most banks offer an average of 0.04 percent APY which is a staggering 250 times! less what is offered through Stacking. So now let's delve a little into how muc...
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Stacks: The basics

 What is Stacks? According to the Stacks   website ,  Stacks is an open-source network of decentralized apps and smart contracts built on Bitcoin. Stacks unleashes Bitcoin’s full potential as a programmable base layer. With the recent growing interest in Bitcoin which has seen individuals and even corporations investing in the cryptocurrency, there is no better time than now to learn and invest in Stacks. What is Stacks' Proof-of-transfer (POX)? This is a brand new mining mechanism, that generalizes the idea of proof-of-burn.  PoX uses the proof-of-work cryptocurrency of an established blockchain to secure a new blockchain. However, unlike proof-of-burn rather than burning the cryptocurrency, miners transfer the committed cryptocurrency to some other participants in the network. This allows that those who add value to a new cryptocurrency earn rewards in the base cryptocurrency. PoX has a thrilling advantage wherein individuals can earn payouts in a separat...
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