STAKING
Put Your Crypto to Work & Earn Rewards
What is Staking?
A process that involves committing your crypto assets to support a blockchain network and confirm transactions
✦ Earn interest on your cryptocurrency holdings
✦ No equipment needed for crypto staking unlike crypto mining
✦ Help maintain security and efficiency of the blockchain
✦ More environmentally friendly than crypto mining
How Crypto Staking Works
For the investor, crypto staking is a passive activity. When a crypto investor stakes their holdings (in other words, leaves them in their crypto wallet), the network can use those holdings to forge new blocks on the blockchain. The more crypto you’re staking, the better the odds are that your holdings will be selected.
Information is “written” into the new block, and the investor’s holdings are used to validate it. Since coins already have “baked in” data from the blockchain, they can be used as validators. Then, for allowing those holdings to be used as validators, the network rewards the staker.
