Staking
Staking is the process of holding and "locking up" a certain amount of cryptocurrency in a wallet to support the security and operations of a blockchain network. By staking, individuals can earn rewards for helping to validate transactions and maintain the network's consensus mechanism. The staking rewards vary depending on the network and the amount of cryptocurrency staked. Staking can also help prevent centralization of network control since more participants have a stake in the network's success.
No previous glossary item
No next glossary item