Understanding Cryptocurrency Staking: A Beginner’s Guide and Technical Deep Dive

Key Points What Is Staking? Staking is a way to earn rewards by holding and locking up your cryptocurrency to help a blockchain network run securely. It’s like putting money in a savings account, where the bank pays you interest for keeping your funds there. In staking, you contribute to the network’s security and get …

What are Staking Rewards?

Staking rewards are a form of passive income earned by cryptocurrency holders who participate in the process of validating transactions on a proof-of-stake (PoS) blockchain network. In a PoS system, validators are chosen to create new blocks and validate transactions based on the amount of cryptocurrency they hold and “stake” on the network. How Staking …