Staking

Staking is the process of actively participating in transaction validation on a proof-of-stake blockchain.

Proof of stake is an alternative to Bitcoin’s proof of work.

Unlike mining, which requires massive electrical power to validate transactions, Staking is an eco-friendly process.

An individual taking part in network validation stakes their own coins and is subsequently rewarded more coins, proportional to the number of coins they have staked.

Though the hardware required for staking is cheaper than mining, it’s still expensive.

A normal user can delegate their tokens to one of the validators and can earn profits without the hassle of owning hardware.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

ZebPay Weekly

Subscribe for latest crypto news & stay updated!

    Start Trading Now