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Since I don't want to have to respond to all of the cryptos misunderstanding what staking means, you can also just google it: https://www.coindesk.com/learn/cr
by imustbeevil 4y ago
Since I don't want to have to respond to all of the cryptos misunderstanding what staking means, you can also just google it:
https://www.coindesk.com/learn/crypto-staking-101-what-is-staking/ https://www.coindesk.com/learn/crypto-staking-101-what-is-st...
> Similarly, when you stake your digital assets, you lock up the coins in order to participate in running the blockchain and maintaining its security. In exchange for that, you earn rewards calculated in percentage yields. These returns are typically much higher than any interest rate offered by banks.
https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/what-is-staking/ https://www.fool.com/investing/stock-market/market-sectors/f...
> The unstaking process may not be immediate; with some cryptocurrencies, you're required to stake coins for a minimum amount of time.
https://academy.binance.com/en/articles/what-is-staking https://academy.binance.com/en/articles/what-is-staking
> Enter Proof of Stake. The main idea is that participants can lock coins (their “stake”), and at particular intervals, the protocol randomly assigns the right to one of them to validate the next block.