What is Staking?

You most likely have purchased, traded, and possibly sold Crypto at some point in your investing and discovery of this new technology. That’s possibly why you’re here! Blockchain is an amazing technology that offers a wide variety of options when it comes to the Crypto world. Staking is only a very small part of what makes up the Blockchain. But what is it exactly? 

What is Staking?
Let's take a deep dive into the behind-the-scenes of staking and how it works. Proof-of-Stake (PoS) is a type of consensus mechanism used by some blockchain networks to achieve distributed consensus and validate transactions. In PoS, users can stake the cryptocurrency to help secure the network and earn rewards. The amount of rewards earned is proportional to the amount of cryptocurrency staked, and the specific rewards and rules of each PoS system can vary.

How can I Earn Crypto?
The potential profitability of staking can vary depending on many factors, including the specific cryptocurrency, the amount staked, the current market conditions, and the fees and rewards offered by the staking provider. Staking allows crypto holders put their digital assets to work, enabling them to earn a passive income.

Staking has gained considerable popularity, allowing holders to profit without selling or trading their coins, and has finally arrived at CoinSmart!

Here is how to stake your coins with us: How do I Stake my cryptocurrency