What is staking?
Staking involves locking cryptocurrencies like Ethereum (ETH) or Binance Coin (BNB) in a wallet to support a blockchain’s operations, earning rewards. Unlike Bitcoin’s mining, staking uses Proof-of-Stake, reducing energy consumption.
Ethereum’s 2022 upgrade made staking central, while Binance Coin offers staking on Binance. Rewards vary—typically 5-10% annually—but funds are locked for a period. It’s a passive income source, but price drops can offset gains. Want to stake? Choose a reliable platform!
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