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What is staking in cryptocurrency?

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Staking in cryptocurrency is the process of holding and locking up a certain amount of coins in a wallet to support the security and operations of a blockchain network. In return for staking your coins, you can earn rewards or interest, similar to earning dividends on traditional investments. This helps to secure the network and incentivizes users to hold onto their coins rather than selling them.
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Staking in cryptocurrency refers to the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. By staking your cryptocurrency holdings, you help secure the network and, in return, earn additional cryptocurrency as a reward. This process often requires holding a certain amount of the cryptocurrency in a designated wallet to participate in the staking process.

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