02.09.2020 published by Freecoins24
3 min read

Cryptocurrencies started gaining prominence in 2013 and attracted hundreds and thousands of investors from across the globe. As a result, many people have now become interested in blockchain as well as related technologies. But, the creation of cryptocurrencies brought along with them several challenges. While Bitcoin had enough number of options in terms of storage, other cryptos lacked the same. This is where HolyTransaction came into existence.

The company, which was launched in June 2015, was specifically designed to resolve this problem. The primary aim of the HolyTransaction is to ensure that all the popular cryptocurrencies are accessible, tradable, storable as well as secure for every single user in the community, using just one account.

In this article, learn how to use the HolyTransaction Wallet for staking PPC, BLK, GRC, and PIVX thanks to POS.

The HolyTransaction Wallet functions as the all in one cryptocurrency exchange and app. It allows you to deposit any type of fiat money into the digital wallet, and further use it for buying and trading of cryptos. The wallet also lets you manage 30 different cryptocurrencies in a single portfolio within a few seconds.

What is Staking?

Staking crypto is all about mining the same without the need to purchase any expensive hardware or carrying out routine maintenance. It provides you with the perfect opportunity to earn passive money in the cryptocurrency markets. Staking of cryptos does not involve any overhead costs since the procedure requires no special equipment. Thus, staking is less expensive when compared to mining. To stake

Below, discover how to use the HolyTransaction Wallet for staking PPC, BLK, GRC, and PIVX with POS. 

Before proceeding further, it is important to pick a coin that you wish to stake. Remember, there are several PoS coins that support autostaking from the HolyTransaction Wallet: Peercoin, Blackcoin, Gridcoin and PIVX. Also, at present, you can add over 30 digital currencies to your HolyTransaction Wallet. However, sometimes it is difficult to view all of them every time you open your account. To view the entire list of digital currencies that you may want to store on the HolyTransaction wallet, you must follow the below-mentioned steps:

1. Login into the wallet or you may choose to set up a fresh one on the website holytransaction.com by choosing the “Sign up” or “Sign in” option.
2. Next, click on the “+” icon that is visible on the primary page of the wallet.
3. Here, you will find the complete list of the digital currencies that you can easily store on your HolyTransaction wallet.
4. Now, you visit the Staking menu and see the preferred cryptocurrencies that support staking.

After you deposit your staking coins, you will have to wait approximately 48h to start receiving your rewards distributions. Most of the staking schemes need a validator or staker, who would remain connected to the Internet, but on HolyTransaction, you just need to deposit into your account and the staking wallet will stay connected to the network.

To sum up, staking PPC, BLK, GRC, and PIVX with POS using the HolyTransaction Platform is a simple and easy process. Additionally, it is cheaper and also a very environment-friendly way to earn a passive income in the crypto market.

Author’s Note

A nation’s developmental trajectory is a factor of political and economic choices. Each country has to contend with economic paths it will chart. Democracy is invariably synonymous with free-market policy. Alternatively, authoritarian regimes opt for more controlled economies. Others yet choose to adopt different hybrids of the two. The U.A.S. chooses the path of free market and democracy to achieve its agenda.

Free market principles, coupled with the deployment of blockchain tech, integrate well with the nation’s guiding principles: unfettered freedoms, wealth creation, and prosperity. The model will revolutionize commerce, allow greater independence in the production process, and improve the citizens’ economic well being.