Staking
Staking is a process in the world of cryptocurrencies where individuals lock up their coins to support the operations of a blockchain network. By doing this, they help validate transactions and secure the network. In return for their contribution, stakers earn rewards, often in the form of additional coins. This method is commonly used in Proof of Stake (PoS) systems, which are alternatives to the more energy-intensive Proof of Work (PoW) systems.
The amount of rewards a staker receives typically depends on the number of coins they stake and the duration of the staking period. Staking can be done through various platforms and wallets, making it accessible to many users. However, it is important to note that staking involves risks, including the potential loss of staked coins if the network experiences issues or if the staker decides to withdraw early.