If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
-
How Do You Stake Cryptocurrencies? Earning Passive Income With Crypto
While the Bitcoin network is secured by mining, many newer cryptocurrencies use an alternative consensus mechanism known as proof of stake (PoS). This involves users staking their cryptocurrency—pledging their crypto assets to the network to help the blockchain validate transactions. But staking isn’t just an altruistic act to benefit the network. In exchange for staking, you get rewards, often in the form of the cryptocurrency you have staked. Here we explain how you can get started as a crypto staker. What is staking? Blockchains are basically databases of transactions with no central authority to maintain ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 29, 2021 8:31pm Jul 29, 2021 8:31pm
- g-force
- Joined Oct 2016 | Status: Member | 53 Comments
- Comment #2
- Quote
- Jul 30, 2021 7:38am Jul 30, 2021 7:38am
- cityRat
- Joined Jul 2019 | Status: Member | 170 Comments
- Comment #3
- Quote
- Dec 13, 2021 5:41pm Dec 13, 2021 5:41pm
- Lov66
- | Joined Dec 2021 | Status: Junior Member | 1 Comment