🔖 #ETHStaking

Ethereum staking involves locking up Ether (ETH) to become a validator on the Ethereum network, contributing to its security and earning rewards in the form of ETH.

Staking is a process where users "stake" or lock up their ETH to participate in the Ethereum network's proof-of-stake (PoS) consensus mechanism.

#How it works

Stakers deposit ETH (typically a minimum of 32 ETH) to activate a validator node.

Validators play a crucial role in securing the network by proposing and attesting to blocks, ensuring the integrity of transactions, and finalizing new data on the blockchain.

In return for their participation, validators earn staking rewards, which are paid in ETH.

#Earning passive income

Staking offers a way to earn rewards by simply holding and participating in the network.

Network security: Stakers help secure the Ethereum network by validating transactions and preventing malicious activity.

#Governance influence:

Stakers can also influence the future direction of the Ethereum network through voting on proposals.

#Staking pools:

Some staking protocols offer staking pools, allowing users with less than 32 ETH to pool their deposits together to activate validators.