Did you know!?
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📌 What is Staking!
🤔 It is simply the process of locking a certain amount of your cryptocurrency (like ETH, ADA, or SOL) within a blockchain network that uses the Proof of Stake (PoS) mechanism. In exchange for this lock, the network rewards you with a portion of the fees or new coins, as a type of profit.
But it’s not just a "digital savings"! 🤓 Staking means you play an active role in the security of the network and the validation of transactions.
❗️ How it works:
🤔 You choose a network that supports PoS (like Ethereum or Cardano).
🤔 You use a wallet that supports staking.
🤔 You lock the currency for a certain period (the lock period varies by network).
🤔 You receive rewards periodically – usually at an annual percentage rate (APR) of 5%-10%.
🔴 Its advantages:
✅ Passive income without the need for daily trading.
✅ Stronger security for the network.
✅ Much less energy consumption compared to traditional mining.
❤️🔥 Its risks:
✅ Asset lock: You may not be able to withdraw them immediately.
✅ Market fluctuations: Your profits may decrease if the value of the currency drops.
✅ Technical risks: If you are using a third party (like an exchange), you may be exposed to outages or hacks.
🤔 Types of staking:
🤔 Individual Staking: You run a node yourself (requires experience and hardware).
🤔 Pool Staking: You join a group of users (simpler and easier).
🤔 Platform Staking: Like Binance or Coinbase, they offer it as a ready-made service.
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