Explained: What is crypto staking?
From thestreet.com
Staking is one of the most common ways crypto holders earn rewards simply by holding and committing their tokens to a blockchain network. Often described as “earning passive income in crypto,” staking plays a much bigger role than just generating yield. At its core, staking involves locking up cryptocurrency to help operate and secure a blockchain. In return, participants receive rewards, similar to earning interest in traditional finance. Staking is closely tied to a system known as Proof-of-Stake (PoS), which has become a dominant consensus model across the crypto industry. How Proof-of-Stake works Proof-of-Stake ...
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