What is Staking Cryptocurrency? Earn Passive Income

Staking allows you to earn rewards when you lock up your crypto asset for a period of time in a cryptocurrency protocol in return for updating a ledger of transactions and securing the cryptocurrency’s network.

The amount of reward depends on the amount of coins staked and the project.

The rewards are distributed on-chain which means transactions occur on the blockchain, and what this really means is you can earn while you are asleep.

Link in the video:
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DISCLAIMER: Cryptocurrencies/NFTs are emerging assets that are still evolving. The information/content in this YouTube channel and resources available are for educational and informational purposes only, and should not be construed as investment or financial advice. Always do your own research before making any decision to buy, sell or trade cryptocurrencies/NFTs.