Earn up to 156% on your cryptocurrency portfolio with crypto staking, lending & saving. Share this info with a user to begin earning social rewards.
All blockchains require transactions to be validated. For example, Bitcoin validates its transactions using a electricity intense process called mining or Proof-of-Work. In addition to mining there are many consensus mechanisms that are used for validation including Proof-of-Stake (PoS), often referred to as staking.
Coin staking offers currency holders some decision making power on a blockchain network.
By staking your coins, you gain the ability to vote and generate a passive income. This process is very similar to receiving interest for depositing and holding money in a bank account or authorizing the bank to invest.