#TekaTekiSilangKripto Day 3

Today I successfully discovered three mysterious words: Mining, Airdrop, and Staking

Meaning of Mining in Crypto

In the context of crypto, "mining" refers to the process of verifying transactions and adding new blocks to the blockchain. This process is carried out by specialized computer devices that solve complex mathematical problems, and in return, miners receive new crypto coins.

What is Airdrop?

Airdrop in crypto refers to the distribution of coins or tokens for free to users who meet certain criteria. It is often used by crypto projects to raise awareness, encourage adoption, or reward the community.

What is Meant by Staking in Crypto?

Staking in crypto is the process where token holders lock their crypto assets in a crypto wallet to receive rewards, usually in the form of more tokens from the network in use. This process helps secure the blockchain network that uses the Proof-of-Stake (PoS) system. In other words, staking is a way to earn passive income from your crypto assets.

We have entered the third day of event #TekaTekiSilangKripto , the reasons for participating in this event can vary, ranging from self-development, gaining experience, expanding networks, to winning attractive prizes. If you are interested in crypto, you can join this event to learn about new things and meet others who share the same interests.