Crypto Staking
Staking is utilized in cryptocurrencies that run on a Proof of StakeThe Proof of Stake (PoS) consensus model was proposed in 201... More blockchainA blockchain is a shared digital ledger, or a continually up... More. Contrary to Bitcoin’s Proof of WorkProof of Work (Pow) is a consensus model in blockchain techn... More consensusConsensus is a mechanism to achieve the necessary agreement ... More mechanism, in which the nodes (participants) are required to solve a difficult mathematical problem requiring energy intensive computing resources, with proof-of-stake, users validate transactions according to how many coins they contribute, or stake. In return for staking more coins, users have a higher likelihood of being chosen to validate transactions on the network and earn a reward. This reward can include an annual percentage yield, and the exact percentage depends on which blockchain is used.