Staking involves locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network, particularly those using a Proof of Stake system. In return, participants earn rewards, often in the form of additional coins.
This process not only provides income for stakers but also contributes to the security and efficiency of the network by incentivizing honest participation.
Staking has become a popular method for earning passive income while actively supporting a blockchain ecosystem.
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