Cryptocurrencies for the lazy (part 1)

A number of digital settlement tools allow cryptocurrency owners to generate income without making any special efforts. It is unlikely that you can make big money in this way, but a nice bonus will never be superfluous. The virtual asset market offers various sources of profit, including long-term investments, trading on stock exchanges, arbitrage, and other equally effective methods. But not everyone knows how to make money easily in the world of cryptographic assets. According to Warren Buffett, he who finds a way to earn income while sleeping will be able to support himself until his death. We will talk about digital payment systems that provide this opportunity.

Neo

The Neo network uses the principle of reaching consensus, which is also called the delegated task of the Byzantine generals. It implies the participation of each of the clients of the system by voting. Holders of digital coins can use a plebiscite to determine the preferred delegate. Then the proxies, thanks to the BFT algorithm, achieve consensus by issuing new blocks. A minimum of 2/3 delegate votes must be reached to approve a group of operations.

Holders of Neo digital coins become, in fact, shareholders, owning part of the blockchain. Also, holders of virtual capital are rewarded with gas, which is a token (fuel) in the networks distributed ledger. This monetary unit is used to create smart contracts, during voting and in other situations. To receive benefits, you need to have a certain amount of local currency in your wallet, after which income will be generated automatically. You should not transfer GAS to the exchange, as in this case you will lose your profit. Both NEO coins and fuel can be purchased from popular marketplaces.

VeChainThor Tor

VeChainThor is a project whose developers decided to act not only as a standard cryptocurrency, but also to offer a product in the field of decentralized applications. For this reason, there are two additional tokens within the project. The VET smart currency becomes a tool that guarantees the circulation of values in the system. The cryptocurrency is based on the VeChain Blockchain distributed ledger, allowing participants to use the publicly available network capabilities. Clients with a significant amount of local currency receive great rights and privileges when using system resources.

The digital payment system uses THOR Power coins as fuel, which is required for a number of operations, including the execution of smart contracts and the creation of transactions. Each token holder receives a reward for keeping the local currency in the wallet. Users managing their own node can count on additional profits. VeChain cryptocurrency is traded on major exchanges (COSS, Binance and others).

Ark

The ARK payment system uses its own DPoS consensus mechanism, requiring network participants to vote for trusted delegates. The latter control the process of verifying transactions and support the operation of the blockchain. In fact, the algorithm is similar to the VeChain cryptocurrency, but in this case, the efforts of one delegate are enough to analyze the block.

As in the situation with previous payment systems, here passive earnings are accrued only for the possession of local currency by registered users. ARK digital coins are offered on Bittrex, Binance and other platforms.

ICON

Called the Korean Ethereum by blockchain enthusiasts, ICON has a number of advantages that make it a unique platform. The developers of the system recently launched the main network in test mode, which allows the exchange of ICX tokens, corresponding to the ERC-20 format, for conventional cryptocurrency. Blocks are validated using the Loop Fault Tolerance mechanism, which provides user rewards similar to the DPoS (proof of stake) algorithm. In this case, clients vote for delegates who verify transfers and maintain blockchain functionality.

After the full launch of the ICON network with its own digital wallet, customers will only have to set up their account and choose a worthy delegate to receive a reward. There is no mechanism for calculating income in the payment system. ICX tokens are already being offered on major marketplaces.

COSS.io

This cryptocurrency is very different from others in our list, since Crypto One Stop Solution refers to exchange tokens. Altcoin has gained widespread popularity lately. The way the network works is pretty simple. Any operation carried out on the trading platform implies a commission within 0.2%, depending on the users money turnover. This fee is collected from the sender and the recipient. Half of the proceeds go to a decentralized autonomous organization, so that they can then be distributed among the networks customers who own local currency.

Online dividends are paid in tokens in which the transaction was carried out. Therefore, if Dash was exchanged for Ethereum on the online platform, you can count on these altcoins, and not COSS. The platform has a universal calculator that allows you to determine the users income. Local currency can be purchased so far only on its own exchange.

PIVX

One of the forks of the Dash cryptocurrency stands out for its bold decisions. Altcoin Private Instant Verified Transaction did not adopt the consensus algorithm inherent in Dash. Instead of the usual PoW (proof of work), it uses a proof of stake (PoS algorithm). Thus, each owner of digital coins of the payment system plays a certain role in the life of the network. New coins generated by the platform are paid out to incentivize members.

Altcoin offers clients two types of passive earnings. The first requires the creation of a masternode (10 thousand PIVX are required to launch such a node). In addition, a reward is provided for using tokens as a bet. In this case, there are no requirements for the beneficiary in the amount of the savings. It is enough to set up a wallet and be online regularly. The service has a special calculator that allows you to calculate income from activities. PIVX digital coins are listed on the Binance marketplace and other exchanges.