How does staking work on Binance and why you should consider it?
Staking is a way to earn passive income in the cryptocurrency market. On Binance, it allows you to lock your digital assets into a blockchain network to help validate transactions and keep the network secure, while earning rewards in return.
🤷🏻♂️🤷🏻♂️❓How does staking work on Binance?❓🤷🏻♀️🤷🏻♀️
1. Choose the asset for staking: Access the staking section on the Binance app or website and see the available assets, such as Ethereum (ETH), Cardano (ADA), among others.
Blockchain is a technology that has been transforming the way we carry out transactions and store information. But what is it? Let's explain it in a simple way. ❓❓What is Blockchain?❓❓ Blockchain is like a large digital ledger that records information in a secure, transparent and decentralized way. Imagine a row of connected blocks, and each block contains: 1. Data (such as financial transactions or contracts). 2. A unique identification called a hash.