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Staking

Staking is the process of adding new blocks used in blockchains operating on the Proof-of-Stake (PoS) algorithm. The user granted the right to add a new block is randomly selected from those who have…

Staking is the process of adding new blocks used in blockchains operating on the Proof-of-Stake (PoS) algorithm. The user granted the right to add a new block is randomly selected from those who have temporarily locked their coins within the staking system. The user adding the block receives a reward in the form of cryptocurrency.