What is Cryptocurrency Staking?
Staking is the process of obtaining
rewards for holding a certain cryptocurrency in the wallet and participating in maintaining the operation of the blockchain network:
1. Used in blockchains with a Proof-of-Stake (PoS) consensus algorithm.
2. Users “stake” their coins on the wallet, becoming validators or delegates.
3. The more coins are staked, the higher the chance of generating a new block and receiving a reward.
4. Rewards are awarded in the form of new coins in proportion to the staked amount.
5. Staking does not require powerful equipment, unlike PoW mining.
6. Allows you to receive passive income for holding cryptocurrency.
7. Increases network security due to the economic interest of validators.
Staking is a simple and profitable way to make money by holding cryptocurrencies in the long term.
What do you think about this way of earning money?
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