ADA

Crypto mining validates transactions using powerful computers in Proof-of-Work (PoW) blockchains like Bitcoin, requiring significant hardware and electricity costs. Crypto staking, conversely, involves locking up existing cryptocurrency in Proof-of-Stake (PoS) networks to secure the blockchain and validate transactions, providing passive income with lower energy use and capital investment.

Historical Background and Founding Team

Cardano, the blockchain platform behind the ADA cryptocurrency, was launched in 2017 by Input Output Hong Kong (IOHK), a blockchain research and development company founded by Charles Hoskinson and Jeremy Wood.

It is possible to earn passive income through cryptocurrency staking while actively trading - but you need to approach it strategically to balance risk, liquidity, and returns. Here's how you can make it work: