A blockchain wallet; the database and platform of the future in which Cryptocurrencies resides to utilize, exchange and redeemed. It is nothing like the wallet we have today to carry which holds our currency, credit cards, and the license. However, like with our foldable money, you can dream about what you are going to buy when your bitcoin wallet goes to $200k each).
Cryptocurrencies, and all its features, are a virtual environment, existing only in a virtual environment, requires a “wallet” to exchange, utilize and redeem.
Is BlockChain Wallet the best way to upload Cash or Fiat (Not the car!) into Cryptocurrency? We use COINBASE. It would be a really good idea to set it up ASAP! With the link, you can learn more and get $10 BTC for joining. Cool, right? COINBASE
Fiat money is a government-issued currency.
It is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy. As a result, they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies.
There are several other BlockChain Wallet the electronic storage for BTC. with set purposes and resource within blockchain, cryptocurrency and the growing digital future in store for us all.
COINBASE now offering Staked Coins, and the option to “Stake” or hold your coins for gains. You agree to lock them, where you “STAKE THEM” meaning you will not sell or transfer them. They are STAKED so they hold the value of the COIN itself. For 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{cdbdce08e2b6b279f2d8075e6391de01addb001f1c02182e204ca3d4dbbcaa02} or more. The ones supported within COINBASE generally have proven to be more safe. But risk is always involved with investments and that includes staking.
Staked Coins are able 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.
Response Magic