What is staking and how much can you realistically earn on it?
I came across an interesting issue of staking and it interested me very much. Is anyone able to explain it to me in a simple way and is it possible to earn on it ?? Thank you
I came across an interesting issue of staking and it interested me very much. Is anyone able to explain it to me in a simple way and is it possible to earn on it ?? Thank you
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Stacking is about locking coins to get rewards. Most of the time you will be able to stake coins from your wallet, but some exchanges also automatically allow staking.
Proof of stake and staking are opportunities for anyone who wants to participate in consensus and blockchain governance. It is also a very easy way to earn passive income.
In exchange for holding or freezing coins on a wallet or exchange, remuneration ranges from 1% to 16%, and some projects offer up to 24% per annum.
What affects the amount of staking rewards:
- the amount of coins staked by the validator
- length of coin staking time
- the amount of all coins staked in the network
- inflation rate
Delegate Proof of Stake (DPoS) allows coin holders to use them to vote (depending on how many coins they have). These votes are later used to select blockchain governance delegates who ensure security and consensus. Afterwards, the staking prizes are distributed among the delegates, who distribute a portion of the prizes to the voters in proportion to their contribution.
Stacking is about locking coins to get rewards. Most of the time you will be able to stake coins from your wallet, but some exchanges also automatically allow staking.
Proof of stake and staking are opportunities for anyone who wants to participate in consensus and blockchain governance. It is also a very easy way to earn passive income.
In exchange for holding or freezing coins on a wallet or exchange, remuneration ranges from 1% to 16%, and some projects offer up to 24% per annum.
What affects the amount of staking rewards:
- the amount of coins staked by the validator
- length of coin staking time
- the amount of all coins staked in the network
- inflation rate
Delegate Proof of Stake (DPoS) allows coin holders to use them to vote (depending on how many coins they have). These votes are later used to select blockchain governance delegates who ensure security and consensus. Afterwards, the staking prizes are distributed among the delegates, who distribute a portion of the prizes to the voters in proportion to their contribution.
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