Updated: 11 December 2023

What is staking?

Crypto staking is a process in which a cryptocurrency holder participates in the validation of transactions and the creation of new blocks on a blockchain network by locking up a certain amount of their cryptocurrency as collateral. This process helps to secure the network and maintain its operations. 

Crypto staking offers a way for cryptocurrency holders to earn passive income by contributing to the security and operation of a blockchain network. It has become increasingly popular as a means of participation in various PoS-based cryptocurrencies and blockchain projects.