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PoS: A More eco-friendly Way to Stake Your Crypto Assets

Proof-of-stake PoS is a more eco-friendly way to verify transactions.

In PoS systems, participants pledge their crypto assets to help secure and verify transactions on the network.

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This process requires neither specialized hardware nor additional computing power.

PoS systems also have different staking rules than PoW systems. EthereumMerge BTC Cryptocurency

For example, some PoS networks require participants to lock up their staking rewards for a set period of time, while others allow stakers to claim their rewards as they earn them.

In sum, staking lets you support a blockchain network — and get passive rewards for doing so — without expending large amounts of energy.

How staking works When you stake your crypto, you’re essentially holding it in a wallet that’s connected to the network called a staking wallet. woof

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@RandomNodes The size of the rewards will depend on the staking rules of the network you’re helping to stake.

For example, some networks give stakers a fixed reward for each block they add to the chain, while others give stakers a share of the transaction fees associated with the block.

@RandomNodes Which cryptos support staking? Many cryptocurrencies support staking, such as:

Ethereum — made possible by the Ethereum Merge

Avalanche Solana Polkadot And more

This post is based on this twitter thread.


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