You earn interest (varying) while you delegate the coins to a stake pool.
This is basically the same (details matter, ADA for example keeps the coins in the wallet all the time - AMP coins are transferred elsewhere) for all PoS (Proof of Stake) coins.
Bitcoin, on the other hand, is a PoW (Proof of Work) coin.
Edit since i can't reply downthread:
You're of course free to cash out your staking rewards however you want, but mind 2 things:
moepstar|4 years ago
This is basically the same (details matter, ADA for example keeps the coins in the wallet all the time - AMP coins are transferred elsewhere) for all PoS (Proof of Stake) coins.
Bitcoin, on the other hand, is a PoW (Proof of Work) coin.
Edit since i can't reply downthread:
You're of course free to cash out your staking rewards however you want, but mind 2 things:
- taxes
- transfer fees
- the interest compounds..
swarnie_|4 years ago
I still end up with more of the same asset with no intrinsic value.
I assume they aren't paying me out in GBP or freedom bucks?