about cryptocurrency
If a cryptocurrency you own allows staking — current options include Ethereum, Tezos, Cosmos, Solana, Cardano and others — you can “stake” some of your holdings and earn a reward over time.
The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.
Examples of cryptocurrency
Bitcoin
Litecoin and etc...
The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.
Examples of cryptocurrency
Bitcoin
Litecoin and etc...