What is Staking Cryptocurrency? Crypto Staking Explained Simply
What is staking cryptocurrency? Crypto staking explained simply - Crypto staking requires coin-holders to lock or "stake" their coins for set periods in order to forge the blockchain and receive rewards.
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Crypto staking can reward coin-holders for locking coins for a set period of time. Coin-holders that stake their coins can join the blockchain and participate in forging new blocks in a "proof of stake" blockchain. Proof of stake is a lower cost way of supporting the network that typical "proof of work" blockchains.
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0:00 What is Staking Crypto?
2:33 Proof of Work vs Proof of Stake
5:48 How to Stake
7:49 Should You Stake?
Disclaimer: This video is for informational purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk.
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