Staking is a process where cryptocurrency holders lock their coins in a blockchain network to support its operations, like transaction validation. In return, they earn rewards, similar to earning interest. Staking secures Proof-of-Stake (PoS) blockchains, consumes less energy than mining, and allows users to generate passive income from their holdings.
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#Gate ETH Staking APY 5%
Staking is a process where cryptocurrency holders lock their coins in a blockchain network to support its operations, like transaction validation. In return, they earn rewards, similar to earning interest. Staking secures Proof-of-Stake (PoS) blockchains, consumes less energy than mining, and allows users to generate passive income from their holdings.