Word of the Day | STAKING

Staking Word of the day -  1080x1080 (1)

Staking is a way to put your assets to work by locking your cryptocurrency on an exchange or platform.

When you stake a cryptocurrency, it means you hold and lock a certain amount of that cryptocurrency in a digital wallet. By doing so, you contribute to the network's security and operations. In return for your contribution, you have the opportunity to earn additional cryptocurrencies as rewards. These rewards can be distributed to stakeholders based on the amount they have staked and the duration of their stake. Essentially, staking allows you to earn passive income by holding and supporting a particular cryptocurrency network.

https://www.dbm.academy/faq for more blockchain vocabulary