Staking

Staking is the process of holding a certain amount of cryptocurrency in a wallet and participating in the maintenance of a blockchain network by validating transactions and adding new blocks.

In return for staking, the holder of the token earns rewards in the form of newly minted cryptocurrency or transaction fees. This process is often used to secure and validate transactions on a blockchain network that uses a proof-of-stake consensus mechanism, as opposed to a proof-of-work mechanism, which is used by networks like Bitcoin and Ethereum.

Staking is similar to earning interest on a deposit in a bank, but instead of earning interest in fiat currency, you earn rewards in the form of crypto assets.

• Advanced
• Crypto Investing
• Crypto Trading
• Cryptocurrencies
• Decentralized Finance / DeFi