What Is Cryptocurrency Staking?

In the real financial world, the government, through its central bank, owns and regulates the creation, minting, and issuance of fiat currency.

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Staking is the purchase of cryptocoins and keeping (holding) them in a cryptocurrency wallet for a particular period of time. This is similar to a fixed deposit in the fiat currency world which rewards you with a fixed interest rate at the end of the stipulated time in the contract.