Today news
About the same in other media
Crypto staking: Here's how you can earn passive income
Reading now: 293
cnbctv18.comCrypto staking is a process used to verify cryptocurrency transactions. It involves committing holdings to support a blockchain network and confirm the transactions.
It also allows participants to earn passive income on their holdings.If the token you hold allows staking, you can stake some cryptos and earn a passive income. It happens via a staking pool, which can be compared to an interest-bearing savings account.
Like a savings account, you can earn anywhere between 5 to 20 percent per annum on the amount of cryptos you stake.Why do you earn the rewards, you may ask. It is because the blockchain puts your holding to work.
They would use a consensus mechanism called proof-of-stake to ensure all transactions are verified and secure. Your
. Read more on cnbctv18.comAbout this in other media
New AML Legislation Won't Forbid Individuals to Hold Crypto, Says Estonia’s Ministry of Finance cryptonews.com /2 years ago
Explained: How to earn passive income via NFT staking cnbctv18.com /2 years ago
CoinEx 4th Anniversary Special Event: Recap of 2021's Crypto Mania cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
