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Staking

The term "staking" refers to the process of actively validating transactions (like "mining") on a proof-of-stake (PoS) blockchain. On these ledgers, anyone who has at least some amount of a particular cryptocurrency can validate transactions and receive Staking rewards.
To stake is to keep cryptocurrency in a wallet to help maintain a blockchain's integrity and functionality. Staking, in its most basic form, is the practice of locking cryptocurrency in exchange for a reward.
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Last modified 1yr ago