staking

Staking involves holding and locking a certain amount of cryptocurrency in a digital wallet to support the security and operations of a blockchain network. In return for staking, participants often earn rewards or interest, similar to earning dividends from a bank deposit. This process helps validate transactions and maintain the network’s integrity without the need for traditional mining. Essentially, staking leverages your crypto holdings to contribute to the blockchain’s functionality while earning passive income, making it both a supportive and potentially profitable activity within the crypto ecosystem.