Hello everyone. I am back with tutorials, I hope you didn't miss me much. Today I wi

Hello everyone. I am back with tutorials, I hope you didn't miss me much.



Today I will be talking about STAKING

1. WHAT IS CRYPTO STAKING
   
   
   
   Cryptocurrency staking is an act of locking up a specific amount of crypto tokens especially tokens native to a particular Blockchain in other to gain more influence or participate in node activities on the chain.
   
   
   
   The staking activity is often common to blockchains that operate using a proof-of-stake consensus algorithm. This type of Blockchain ensures security by allowing certain users to participate as nodes which verifies transaction and add new blocks to the Blockchain.
   
   
   
   In other to participate as a node, a given amount of the Blockchain native token is required to be staked and these staked tokens add more value and security to the Blockchain by aiding transaction validations thereby making it impossible for fake transactions to be approved.
   
   
   
   For this reason, the owners of the staked tokens are rewarded with extra tokens and this reward is what is regarded as a staking reward or incentive.
   
   
   
   #SME #AweSME #someeofficial #crypto #staking #upvotes
   
   
   
   
   [Hello everyone. I am back with tutorials, I hope you didn't miss me much.

Today I wi](https://somee.social/posts/714131)