Tales of a Cryptocurrency Newbie

In the first part of this article , I talked about several coins I had investigated, two of which require Active Staking, which means you need to run and maintain a network node. Something that was relatively easy to do, but required the attention and computer resources that I wasn't overly interested in providing. All of the coins mentioned in this second part of the article use a Passive Staking system. You may be required to jump through a hoop or two, such as voting for a delegate, but this is as passive as it gets. ARK Ark has a newer and increasingly popular form of Staking known as Delegated Proof of Staking (DPOS). In this case, you are not required to run any software. Instead, you 'loan' your coins out to someone else who agrees to keep a node up and running, and presumably, will be engaged in the network's development and ecosystem. Loaning the coins out is done via a voting system that is available within the ARK client. Each delegate has their own

This article is about my experiences and returns on staking various cryptocurrencies over the past year or so. Unfortunately, my timing was not so great, as many of these coins were purchased in the first half of 2018 and all have lost considerable value since then, some as much as 85%! This taints the experience a bit. So, to counteract those unfortunate circumstances, my discussion of any returns in this article (both parts), will be focused on gains in number of coins I own, leaving out their value vs Bitcoin, USD, or any other currency. That being said, onwards! =========== Most folks have at least heard of the concept of mining Bitcoin (otherwise known as Proof of Work ), though they may have no idea what it means. Basically, it's a way of using computer processing power to help process Bitcoin transactions and in return, receive newly minted coins as a reward. However, this method of cryptocurrency generation and maintenance has rapidly devolved so that it is only