What is crypto staking?

Posted on 2024-01-25

Staking, in its most basic form, involves holding onto your cryptocurrency with the aim of earning additional crypto rewards. While the analogy of staking being akin to depositing money in a bank for interest is often drawn, there exist significant and foundational distinctions. When you engage in staking, you receive rewards as a result of actively contributing to the security and functioning of the blockchain associated with the particular cryptocurrency.

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