What in the world is a blockchain wallet? You know what an ordinary wallet is that keeps your money, credit cards, driver license and pictures in.
A blockchain is a database that keeps Cryptocurrencies in for the acts of exchanging, uti;izing and redeeming. Like your wallet, this is your wallet for the future,
COINBASE (we suggest you set up) is a great program to exchange cash into cryptocurrencies AND you get $10 worth of bitcoin just for joining up.
There you will see several other wallets that have purposes and resources within blockchain, cryptocurrency that is in our digital future.
Coinbase provides Staked Coins, and the option to “Stake” or hold your coins for profits. You agree to lock them, where you “STAKE THEM” which means you will not sell or transfer them. They are STAKED so they hold the value of the COIN itself. By doing so, you get a APY or Annual Percentage Yield as you would with a Bond or Savings Account. These are ranging from 0.01 to sometimes 25{77f8e332d6688e86753cd5f6507b0c900d532747a8002997e4f852070e5a2dcb} or more. The units supported within Coinbase generally have proven to be much more safe. But risk is always involved with investments and that includes staking.
Staked Coins have the abilty to gain in rewards, usually in additional coin as the staking is occurring. Similar to a bank bond or Certificate on Deposit. Used to create and leverage the creation of additional Crypto Coins.
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