Staking provides coin holders the ability to earn currency just by holding the coins.
The best one-line characterization: "Staking Isn’t Just a Way to Earn Crypto Money – And It Shouldn’t Be."
Staking is made possible as more and more cryptocurrencies transition their mining algorithms to be Proof-of-Stake based algorithms. The idea for this method of mining was first introduced in a white paper in 2012.
List of descriptions:
- (Bloomberg): https://www.bloomberg.com/news/articles/2019-02-01/some-crypto-investors-are-playing-it-safe-after-volatile-run?srnd=cryptocurrencies
- (Coindesk): https://www.coindesk.com/staking-isnt-just-a-way-to-earn-crypto-money-and-it-shouldnt-be
- (Binance): https://www.binance.vision/blockchain/what-is-staking
- (U.today): https://u.today/guides/blockchain/what-is-coin-staking-next-big-opportunity-in-crypto-for-2020
- (Cointelegraph): https://cointelegraph.com/news/crypto-dividends-staking-coins-for-gains-potentially-a-good-strategy-in-a-bear-market-but-is-not-without-risk
Happy Staking.
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