Staking 101 – The Basics Every Crypto Enthusiast Must Know
5 min read
•
Aug 28
The cryptocurrency space is known for its many avenues that allow investors to generate passive income. One of the first and most popular means of making such income is staking.
Staking lies at the heart of some of the most popular blockchain networks and is an alternative to mining in terms of both network operation management and investment. In the given material we will explore the basic principles of staking and its advantages and disadvantages.
What Is Staking?
If staking were to be compared to anything in the real world, then it would have to take the form of a bank deposit. Much like the money deposited in a bank, the tokens o
