Passive income in the crypto industry
There are many other ways besides trading and investing that can help you increase the number of your crypto assets. You can receive a regular passive income, similar to earning on interest, but for this, you will need to fulfill certain conditions to configure and maintain the work of this process.
Ways to get passive income in cryptocurrency:
🔹 Mining. Essentially, mining involves using the computing power of equipment to protect the network and get miners rewards for the work done. This is the oldest method of obtaining passive income in the world of cryptocurrencies, in the absence of the need for holding the currency itself.
🔹 Staking. In turn, staking is a less resource-intensive alternative to mining. Basically, this method involves holding some amount of cryptocurrency on a specific wallet and performing various network functions (such as checking transactions) to receive rewards. A steak or share (holding a certain amount of tokens) stimulates the maintenance of network security through long-term ownership of assets. Staking networks use Proof of Stake as a consensus algorithm. There are other versions of the algorithm, such as delegated proof of stake (from the English Delegated Proof of Stake) or rented proof of share.
🔹 Lending. Lending is a passive way to earn a percentage of the number of your cryptocurrency assets. There are many peer-to-peer (P2P) lending platforms that allow you to block part of your funds from moving for a certain period of time for subsequent profit. The interest rate can be fixed (determined by the platform), or set by you based on the current market rate.
The PZM Cash team has significantly upgraded the POS consensus algorithm. The key difference between PZM Cash and the “classic” POS concept lies in the mechanism of filling the network with money supply. When you start the network using premining, only 1% of the total number of coins will be distributed. The remaining coins will be issued during PoS mining — incentive payments to loyal PZM Cash holders for supporting the network.
PoS mining is provided as a mechanism for increasing the liquidity of the network and is a mechanism for providing profitability to loyal PZM Cash users. It provides for the accrual of PZM Cash at the rate of accumulation on the balance of funds on any activated wallet of the participant.