Staking: How to Make Money by HODLing

By LibertasBella | libertasbella | 29 Jun 2022

What does Staking mean?

In crypto, staking is a form of investment. The crypto owner leaves their coins in a sort of bank so the blockchain can use them to efficiently validate other transactions. As an investment staking is a relatively low risk (at least for crypto), but it can provide good passive income, provided you do it right.

What Is Staking?

DeFi markets operate on blockchains, which verity crypto transactions and record them as data. Blockchains can utilize a proof-of-work model to verify transactions, but this model requires mining devices – which are themselves powered electricity.

A proof-of-stake model, on the other hand, is significantly more efficient.

Continue reading Staking: How to Make Money by HODLing at Libertas Bella: https://blog.libertasbella.com/glossary/staking/

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Resources

https://blog.libertasbella.com/glossary/staking/

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