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.


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.

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