If you are interested in buying Bitcoin, you can easily become a digital currency owner. There are many different brokers that offer Bitcoin and other cryptocurrency, to a wide audience all over the world. However, these coins have to come from somewhere because the amount of coins keep growing every day. Not every crypto has the same properties, but with a large number of coins, new coins come into circulation with cryptocurrency mining. Other coins come into circulating with cryptocurrency staking. This is based on the built-in algorithm. Miners use special equipment to verify and process transactions on the blockchain. In return, they receive a reward of new cryptocurrency of the crypto they are mining. This is only the case with Proof of Work cryptocurrency, but more on that later.

It sounds very simple; just hold some crypto and receive a reward, but there is a lot more involved. With the Proof-of-Work mechanism, new blocks need to be mined to verify the transactions. Bitcoin is one of those coins. With the Proof-of-Stake mechanism, new blocks are produced and verified by staking. This means that you don’t need special computers to solve difficult math problems, what the case is with mining. Staking is all about how many coins you are holding. The amount determines your reward. A user who has secured more of a certain coin is more likely to be chosen as the new block validator. Besides the fact that with staking, you provide support and strengthen the network, it also increases scalability. Iwwoc Group is one of the trading providers in the world, offering cryptocurrency trading capacities in every range – for newcomers, interested home traders, as well as large scale investors. Our mission is to make acquiring cryptocurrencies easy and fast for everyone. We provide a multi-algorithm, multi-coin trading service using the latest technology – without any pool fees. The ultimate goal of our existence is to make cryptocurrency trading an easy, smart and rewarding experience for all. Our services already attracted more than 2.000.000 people – We’d be happy to serve you as well