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Author Topic: What is staking?  (Read 1249 times)

Offline Gposas

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What is staking?
« on: January 12, 2022, 09:42:48 AM »
What does it mean to stake a coin?

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What is staking?
« on: January 12, 2022, 09:42:48 AM »

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Offline Freemind

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Re: What is staking?
« Reply #1 on: January 13, 2022, 12:02:23 PM »
Unlike Bitcoin, which uses a PoW (Proof of Work) algorithm, Proof of Stake (PoS) chains produce and validate new blocks through the staking process. Staking requires validators that leave their coins locked in deposit, in order to be randomly selected by the protocol, at specific intervals, to create a block. PoS coins/tokens are another way to receive passive income. If you want more detailed information you can read it here: https://www.coinbase.com/es/learn/crypto-basics/what-is-staking.

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Offline Natalie777

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Re: What is staking?
« Reply #2 on: February 12, 2022, 07:23:32 PM »
In simple words, staking is when you deposit your coins for a certain period of time, and for doing that, you receive a reward in the form of additional coins.

Offline Muhammad bilal Kareem

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Re: What is staking?
« Reply #3 on: February 13, 2022, 02:13:20 PM »
Staking is a process of committing ones crypto assets to support a Blockchain network and confirm transactions in order to earn passive income.
And it does not make you lose the ownership of your tokens

Offline Tabassum Ira

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Re: What is staking?
« Reply #4 on: February 13, 2022, 03:20:22 PM »
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards.

Offline gulu_khan

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Re: What is staking?
« Reply #5 on: February 14, 2022, 04:44:51 PM »
Staking is a way of earning reward and process for holding your coin, if you are investor staking is a concept you will verify transactions and allows participants to earn reward on their holdings.

Offline Review

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Re: What is staking?
« Reply #6 on: February 16, 2022, 03:25:25 PM »
Staking is one  kind of investment on different platform . Such as Binance offers you different coin staking with a minimum payout . So if you stake your coin for the time period , you will get a certain percent of APY and  your token will be locked . Some time you can't unlock your coin from staking till the time did not come and some time you can , but you may don't received the interest . So think first before you are going to do something . Hope you have understand mate .
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Re: What is staking?
« Reply #6 on: February 16, 2022, 03:25:25 PM »


Offline Aguacate_e

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Re: What is staking?
« Reply #7 on: February 16, 2022, 09:52:59 PM »
What does it mean to stake a coin?

It is primarily a global investment opportunity available to anyone anywhere in the world.
You buy your cryptocurrencies and leave them blocked for a while so that it generates interest.
There are many of them that you can find at: https://trustwallet.com/es/earn

Offline Steff Mathew

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Re: What is staking?
« Reply #8 on: March 29, 2023, 01:08:45 PM »
A coin is staked when its owner keeps it in their cryptocurrency wallet and puts it to work validating transactions and protecting the blockchain.

Offline Cherrysix

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Re: What is staking?
« Reply #9 on: April 03, 2023, 07:00:13 PM »
Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking your crypto, you earn more cryptocurrency. Many blockchains use a proof of stake consensus mechanism. Under this system, network participants who want to support the blockchain by validating new transactions and adding new blocks must “stake” set sums of cryptocurrency. Staking helps ensure that only legitimate data and transactions are added to a blockchain. Participants trying to earn a chance to validate new transactions offer to lock up sums of cryptocurrency in staking as a form of insurance.
If they improperly validate flawed or fraudulent data, they may lose some or all of their stake as a penalty. But if they validate correct, legitimate transactions and data, they earn more crypto as a reward.

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Re: What is staking?
« Reply #10 on: April 03, 2023, 07:49:05 PM »
Deposit in a bank, but in the world of cryptocurrencies :)

 

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