Historically, the stock market has been the greatest creator of wealth. Including dividend reinvestment, U.S. stocks tend to return an average of 7% annually, which works out to doubling your money every decade.
But there’s a new type of asset that pays out dividends: cryptocurrency. Here’s how it works.
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What are blockchain or crypto dividends?
What are blockchain or crypto dividends?
Blockchain describes blocks of digital information about transactions that are stored on a public ledger. For a new “block” to be added to the chain (adding a new unit of currency), the information must first be verified. One of the first mechanisms for creating new blocks of data was “proof of work,” and using it is commonly referred to as “mining.” Proof of work is a cryptographic puzzle that needs to be solved for a new block to be created, awarding the solver with a new unit of digital currency. Bitcoin (BTC …
