What Is Staking In Crypto Mean. It’s also an environmentally friendlier means of potentially earning a passive income in digital assets. Staking is simply the process of purchasing and holding a cryptocurrency in your wallet and earn profits from it.
Staking is a means by which you can participate in a network governmance, which makes you a core part of the cryptocurrency's most fundamental functions. Staking means holding cryptocurrency or tokens to support a network operation and getting a reward for it. However, there are risks posed by any investment, and staking is no different.
So, what does staking in crypto mean?
Particularly, cryptocurrency staking requires you to lock your tokens in a specific network to receive the rewards from this blockchain. Staking is a means by which you can participate in a network governmance, which makes you a core part of the cryptocurrency's most fundamental functions. With staking you can generate a passive income by holding coins. By staking your cryptocurrency, you gain the opportunity to be selected to perform this function, and become eligible to receive newly minted cryptocurrency directly from the software.
