I was helped to understand what cryptocurrency staking is by the financial portal https://tgdratings.com/articles/staking-cryptocurrencies/. Stacking is a way of earning cryptocurrency by locking assets into consensual Proof-of-Stakes (PoS) networks. Steaking works similarly to traditional bank accounts. In stacking, deposited coins are used to verify transactions on the blockchain and manage the network. In return, token holders receive a reward depending on the stake amount.
This message was edited 1 time. Last update was at 25/08/2022 10:45:33
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