What is Staking in Crypto (Definition + Rewards + Risks)

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    whiteboardtutor

    Published on Nov 11, 2021
    About :

    When it comes to learning about cryptocurrencies, you might be wondering, "What is Staking?" We'll go over what staking is, how to put it up, and the benefits in this video.

    Proof of Stake is a blockchain verification approach that is both more energy efficient and less hazardous than Proof of Work. Only one miner is picked at a time to validate the blockchain, but in order to be chosen, the miner must store some of their bitcoin as collateral. The miner is penalized for any fraudulent transactions by losing their collateral, while successful transactions are rewarded by the generation of new coins and the transaction fees paid by the senders.

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    staking proof of stake blockchain proof of work coins transactions verification cryptocurrencies miner

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