Staking Crypto: How it Works.
29 Dec 2022, 11:53
Staking Crypto: How it Works
Learn about how staking crypto on blockchains works, its pros and cons, and how to stake on crypto.com.
Key Takeaways:
- Staking can be a way for crypto holders to passively receive rewards from their cryptocurrency holdings, which might otherwise be sitting idle in a crypto wallet.
- Typical ways to stake include becoming a validator for a Proof of Stake (PoS) blockchain, joining a staking pool, or using a staking service offered by cryptocurrency exchanges.
- However, there are some considerations and risks to take into account before staking, including market price movements, lock-up periods, fees, and validator penalties.
Read the article here.
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1CronosCRO #40
29 Dec 2022, 11:53
Staking Crypto: How it Works
Learn about how staking crypto on blockchains works, its pros and cons, and how to stake on crypto.com.
Key Takeaways:
- Staking can be a way for crypto holders to passively receive rewards from their cryptocurrency holdings, which might otherwise be sitting idle in a crypto wallet.
- Typical ways to stake include becoming a validator for a Proof of Stake (PoS) blockchain, joining a staking pool, or using a staking service offered by cryptocurrency exchanges.
- However, there are some considerations and risks to take into account before staking, including market price movements, lock-up periods, fees, and validator penalties.
Read the article here.
Staking Crypto: How it Works.
Staking Crypto: How it Works
Learn about how staking crypto on blockchains works, its pros and cons, and how to stake on crypto.com.
Key Takeaways:
- Staking can be a way for crypto holders to passively receive rewards from their cryptocurrency holdings, which might otherwise be sitting idle in a crypto wallet.
- Typical ways to stake include becoming a validator for a Proof of Stake (PoS) blockchain, joining a staking pool, or using a staking service offered by cryptocurrency exchanges.
- However, there are some considerations and risks to take into account before staking, including market price movements, lock-up periods, fees, and validator penalties.
Read the article here.