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What is staking?

THIS COURSE WILL LET YOU:

  • Learn about cryptocurrency
  • Learn about staking
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Introduction

Staking might be considered a less resource-intensive option than mining. Holding money in a cryptocurrency wallet is necessary to maintain the safety and functionality of a blockchain network. Staking, to put it simply, is the process of locking currency in exchange for benefits.

What is Proof of Stake ?

What is Proof of Stake (PoS)? If you are familiar with how Bitcoin operates, you probably know what Proof of Work is (PoW). It is the system that enables the collection of transactions into blocks. The blockchain is then created by connecting these blocks.

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