What Is Staking In Cryptocurrency | Top Staking Coins

The process of staking cryptocurrency is the same as when the deposit of money into the bank. This money that we deposit is seen as FD. The money is locked for a particular time and the interest is added on expiration.

The same process occurs in the crypto stakes. Staking is when certain crypto tokens are locked into the Blockchain network over a particular period of duration. When the investor’s stake is locked into the blockchain, it can’t be taken out. Similar to FDs are not able to be broken for a certain time. Once the crypto token is locked many advantages come with the.

Beginner Asked on February 3, 2022 in Education.
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