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.
