Steemit Crypto Academy | Season3:Week1||staking by @imagen

Good day...
is my pleasure to part take in third round of the season, my regards goes to my professor @imagen for this wonderful lecture he have establish to impact knowledge to lighten our understanding.

QUESTION ONE
1.) Research and choose 2 platforms where you can do Staking, explain them, compare them and indicate which one is more profitable according to your opinion. (Binace is not allowed)

Firstly how do staking operates:
Staking is made for the users or the investors and is the act of holding or Locking up cryptocurrencies in place (wallet) to confirm transactions made and in other to uphold the network in order of exchange of holding cryptocurrency to support and strenghten the system network, which a reward or interest is attached to it, with this called staking, is known that it can yield income while you keep holding the coins which is known as passive income, and the reward comes as in form token, when the coin increases in it whot, it is expected that you will earn extral token as well, in fact is not actually all crytocurrencies that adhered to support staking.
Staking is actually one method or means at which investors which are into cryptos use recently in maintaining and running the consensus protocols in blockchain system, the invstors makes their profit by holding on the cryptocurrencies in other to make interest or profit from it.

As it stands there are two ways or method of staking which are as felllows;
• Staking as a service provider (soft staking)
• Exchange staking

Source

1. Staking as a service provider (soft staking);
This act as third parties to the users who invest or stake with their system, and this is situation where by the investor is not bordered about the aspect of technicality in Staking with charge applicable, which is carry out or achieved by the third party that managed the staking procedure for the investors which are said to have staked that of their assets. the secret behind this plateform is to allow people to have acess to stake with thier digital asset PoS, using this particular process, acknowledged the name "soft staking" example of this plateform are
•Stakewith.us
•Dokia capital
•P2p validator
•Stakinglab

Source

2.Exchange staking
This exchange staking is based on the functionality of the system, with cryptocurrency staking, exchange platforms give the users the ground to stake, exchange platform gives users of PoS to earn, with the help of stakable digital asset. example of this platform are.
• Poloniex
•Coinbase
•Binance

Base on the question given, am to analysis the both side of the staking of which i picked one from each section
which are and Stakewith.us, Poloniex
below is the details as regards to the question given.

poloniex was foundeded back then in 2013 by Tristan D'Agosta, poloniex become polarized name in the entire world as you Terry's area a rof the digital exchange asset after emerging,
therefore in 2019, their service was shut down un U.S. although is still accessible to those aside U.S.
Poloniex actually is US cryptocurrency exchange which atleast offers hundrend bitcoin (100 BTC) in the market which are made for trading, they also make provision for there customers with that of secured trading atmosphere with advance chart, datas, and data analysis equipment or tools, Poloniex as a trading platform enables users to trade in term of buying and selling of their cryptocurrencies like Dogecoin, LTC, namecoin and others without fees for deposit and withdrawer, at which they charge at a flate rate of 0.2% base on any trading transaction made.
The support or services they give is limited, like there is no means of communication like the the live chat,

Note:
•Poloniex has been a one time major cryptocurrency exchange in the entire world.
•The volume trade decline after. poloniex was bought by circle in 2018
•There operation with U.S. was shut. down in December 2019.

How To Stake with Poloniex
•First visit the web address of poloniex
•Then create an account with them
• Then deposit your asset
• And hold at a specified time

Some Of The Token That Can Be Staked
Poloniex is opened for all transactions like the stakable and that of the unstakabe asset but not all are stakable with with poloniex, your asset are not set to be locked up, here are some of the stakable assets
TRON(TRX), COSMOS(ATOM), WINK(WIN), TENDIES (TEND) BITTORRENT (BTT),
With all this been said i prefer and as well recomends that of the Exchange stake ( Poloniex) than that of the Staking as a service provider (soft staking) (stakewith.us)
poloniex is quit simple and self explanatory to my taste, with the nature of thia platform can manage your trading, deposit and as well withdraw from it.
This platform staking is free which gave it a great advantage over the Staking as a service provider (soft staking).

Poloniex Future Plans
Justin Sun's Tron is investor in poloniex platform of which he was repoted he invested $100.
poloniex launched initial exchange cryptocurrenies (IEO) in other to improve the block chain which promotes users by offering a token and that of professional advice, is also tool utilized in raising capitals, with the help of IEO, so called exchange can ease the token sales.
on 1st march 2021, poloniex was ranked 13th in cryptocurrency exchange with $236 million in term of the dollar value in volume, meanwhile so called Binance was the first with 25 billion.

Base comparaism Staking as a service provider (soft staking); and Exchange staking, with the analysis exchange staking is more profitable.

QUESTION TWO
2.) What is Impermanent Loss?

Impermanent loss is a just a temporary loss which a liquidity provider encounter due to the nature and volatility on a particular trading pair.
This is a risk which is related to that of liquidity pool in DeFi,
and is refer as the differece in their value between that of the found held inside automated market maker (AMM) and that of the found also held in that of the wallet. and this impermanent loss happen when that of the value (found) which is staked in AMM swing drastically.
with this swing which is the (fluctuations) in price essentially cause a temporary loss of founds due to the volatality in trading pair.
further more the since the automated market maker (AMM) system are no longer connected with the external markets, the changes on that of the token on that of the price of the external market will eventually will not affect AMM price.

Source

QUESTION THREE
3.) What is Delegated Proof of Stake (DPoS)?

To start with, Delegated proof of stake (DPoS) is the vote casted on a particlar delegate who made an important impact on the blockchain and is based on the ability of the user.
And is quit a general agreement of a blockchain coin as regards to the network, analyzing the DPoS and PoS they seem not to be different because the user in both side still stake coin in other to participate in the agreement on the system which is known as consensus.
the attestation of the transaction is carried out by delegate who receive the vote, and is known that the higher coins accumulated by the the user who vote, the higher his influence over on the delegates in the network who are made to be elected.

The Difference Between DPoS And PoS are as follows
•DPoS consumes lesser energy to that of the PoS.
•DPoS use lesser hardware than that of PoS.
• DPoS delegate while PoS coin holder, all can paticipate for the validation.
• DPoS is fast in transaction compare to PoS.
• DPoS is decentralised while PoS can be utilized.

Source

4.) CONCLUSION

In sumarry staking is actually made for holding in order to generate profit or reward which can be explore in different ways.
Without lost there will be no gain in the sense that impermanent lost is said and set to be temporary lost countered due to volatility of the pair while trading.
Base on the deligated proof of stake is actually based on the strenth of the user to the delegate which reflection come from the coin accumulated or held by the user, further more ther difference with DPoS and that of the PoS is just their physical and invisible parameter involved.

This home work is done by
@kingworldline
My Regard To
@imagen