Staking is a way of earning rewards for holding specific cryptocurrencies. The concept can seem a bit complicated at first, but it’s actually relatively simple if you understand how Staking works. Once you decide which cryptocurrency to invest in, you’ll stake your coins by sending them to what’s called an ‘address.’ This is a string of alphanumeric code that acts as the definitive location for your coins. You will then earn rewards for holding these coins in the form of newly created tokens or other forms of crypto-assets over time.

Don’t get confused with Staking or minting.
The process of Staking, or minting, is not too different from what occurs when you deposit money into a savings account that pays interest. In a nutshell, Staking refers to the process of earning “interest on your interest.” Staking rewards you for holding a certain amount of coins in your wallet or on an exchange. The
more coins you hold, the more you receive as an interest payment.

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