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Maria Lee🥕👽💎Ⓜ️
@marialee
Coin Staking What is Staking? Coin staking involves holding a cryptocurrency in a blockchain network to support operations like validating transactions and securing the network. In return, stakers earn rewards in the form of additional coins. How It Works: Staking is primarily used in Proof-of-Stake (PoS) or Delegated PoS (DPoS) networks. You “lock” your coins in a wallet or staking platform, which acts as collateral. Validators are chosen to confirm transactions based on the number of staked coins. 3. Benefits of Staking: Earn Passive Income: Staking rewards provide a regular income. Energy Efficiency: PoS networks use far less energy than Proof-of-Work systems. Network Support: Staking helps secure and decentralize the blockchain. @showan
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