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How does staking work?

Creation date: Jul 19, 2024 2:41am     Last modified date: Jul 19, 2024 2:41am   Last visit date: Dec 27, 2024 7:01am
2 / 20 posts
Jul 19, 2024  ( 1 post, 1 reply )  
7/19/2024
2:41am
Ottis Pfannerstill (ladexo)

 

I've been reading a lot about staking lately, and I'm tempted to give it a try. They write a lot on the Internet that this is a great way of investing, with which you can passively earn cryptocurrencies. Who has already engaged in staking, what can you say about its advantages? How does it work and what risks does it carry?

2:47am
Brian Torphy (joxojej)

The staking is quite simple, users place their cryptocurrency in one of the blockchain systems, thereby keeping it operational, and receive a profit for this, which comes from the so-called proof of ownership. Profits are received into the account daily, which is certainly a big plus of this type of earnings. I would also like to note that some sites give rewards for the highest stakes, thanks to which, you can earn even more. One such site is Xbanking, it is a reliable platform where you can try to make your first stake https://xbanking.org/.