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CliffordCummings - 19th April 15:51
Staking is a process in cryptocurrencies where you hold or lock up your coins in a wallet to participate in maintaining the operations of a proof-of-stake (PoS) blockchain system. In return for securing the network and validating transactions, stakers are often rewarded with additional coins, similar to earning interest. It's a popular method to earn passive income while contributing to the network’s integrity. Staking is an alternative to the energy-intensive proof-of-work system used by networks like Bitcoin. It not only helps in securing the blockchain but also in processing transactions and creating new blocks. For a thorough understanding of staking and its benefits, this article might be useful: https://paybis.com/blog/glossary/what-is-staking/ It details how staking works and the various factors to consider if you decide to stake your crypto.