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What is Staking? How can you maximize your earnings through staking?

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What is Staking? How can you maximize your earnings through staking? in General Cryptocurrency Discussion_xx
In the layman terms, staking is just like we open a savings account in the traditional banks, Traditional banking is a centralized finance system whereas DeFi, Decentralized finance has opened a new way to earn/invest for crypto users.

Crypto investors can now earn interest on their crypto holdings via Staking/Liquidity Providing/Lending/Borrowing/Swaping and yield farming, until now we used to earn profit on crypto investment through just trading on exchanges, and speculating the crypto token prices.

With DeFi one can now earn interest on their crypto assets, with staking you can lock your crypto assets on stake pools and earn interest over it, staking is done on PoS blockchain, where to validate the blocks no mining is required, unlike the bitcoin where PoW used for mining and validate the block.

So along with staking, there are many other methods to earn income through your crypto assets as well.

if you want to discuss more about staking please leave in comment.

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#1 - December 15, 2022, 01:07:09 PM

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What is Staking? How can you maximize your earnings through staking? in General Cryptocurrency Discussion_xx
An important advantage of staking is that it is a complete replacement for mining. Users can earn money on cryptocurrency without using specialized equipment. 

And this, in turn, is a big step towards saving electricity and abandoning expensive equipment for "classic" mining on ASICs and video cards. 

It has nothing to do with signa and bhd, although interest is also charged for holding certain tokens.
#2 - January 23, 2023, 05:27:56 PM

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