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How to make money in crypto?

With cryptocurrency, one way to make a profit is to sell your investment when the market price increases. There are other ways to make money in crypto, like staking. With staking, you can put your digital assets to work and earn passive income without selling them. In some ways, staking is similar to depositing cash in a high-yield savings account.

What is a cryptocurrency and how does it work?

Cryptocurrencies are digital assets that rely on an encrypted network to execute, verify, and record transactions, independent of a centralized authority such as a government or bank. Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment.

What cryptocurrencies can be staked?

As mentioned already, staking is only possible with cryptocurrencies linked to blockchains that use the proof-of-stake consensus mechanism. Ethereum ( ETH ). Cardano ( ADA ). Solana ( SOL ). Avalanche ( AVAX ). Polkadot ( DOT ). Read more: How Does Ethereum Staking Work? To begin staking you first have to own digital assets that can be staked.

What is cryptojacking and how does it work?

Cryptojacking is a type of cybercrime that involves the unauthorized use of people's devices (computers, smartphones, tablets, or even servers) by cybercriminals to mine for cryptocurrency. Like many forms of cybercrime, the motive is profit, but unlike other threats, it is designed to stay completely hidden from the victim. What is cryptojacking?

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