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What is Staking and Why You Shouldn't Trust Everything That Shines?
Hello, community! Today I want to tell you something I discovered while delving into the crypto world: staking.
🌱 1. What is Staking?
Staking is basically 'planting' your cryptocurrencies to help the blockchain network function and, in return, receive rewards.
Imagine you lend your coins to a project: they use them to validate transactions and secure the network.
You, as a reward, receive an extra percentage of coins (like interest!).
Many platforms (like Binance, Kraken, or some wallets) allow you to stake popular coins (Ethereum, Cardano, BNB, etc.) very easily: just choose the amount and the lock time, and that's it!
🌱 1. What is Staking?
Staking is basically 'planting' your cryptocurrencies to help the blockchain network function and, in return, receive rewards.
Imagine you lend your coins to a project: they use them to validate transactions and secure the network.
You, as a reward, receive an extra percentage of coins (like interest!).
Many platforms (like Binance, Kraken, or some wallets) allow you to stake popular coins (Ethereum, Cardano, BNB, etc.) very easily: just choose the amount and the lock time, and that's it!
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