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kimchi
kimchi
Posts : 126
Join date : 2021-08-28

What is 'staking' please? Empty What is 'staking' please?

Thu Oct 14, 2021 7:22 pm
As per the title, can anyone please tell me very simply what staking is?

Many thanks in advance Smile

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The Cat's Mother
The Cat's Mother
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What is 'staking' please? Empty Re: What is 'staking' please?

Thu Oct 14, 2021 7:25 pm
Are you talking about plants or vampires?

In crypto it's freezing part of your holding for period as a way of contributing to the blockchain. This is done in the expectation of reward.

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kimchi
kimchi
Posts : 126
Join date : 2021-08-28

What is 'staking' please? Empty Re: What is 'staking' please?

Thu Oct 14, 2021 7:43 pm
@The Cat's Mother wrote:Are you talking about plants or vampires?

Well this is the crypto section...so naturally I was thinking about Jon lol!

@The Cat's Mother wrote:In crypto it's freezing part of your holding for  period as a way of contributing to the blockchain. This is done in the expectation of reward.

Many thanks! More info needed though please, how does it work etc, or is it info easily found on a websearch?

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The Cat's Mother
The Cat's Mother
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What is 'staking' please? Empty Re: What is 'staking' please?

Fri Oct 15, 2021 7:24 am
Ah, the Crypt section.
I found the snippet following a quick websearch, and don't really know anything else. There does seem to be a lot of information out there, but you have to mine it.
My nasty cynical mind reckons that, like real banks, the blockchains are more than willing to hang on to your assets in exchange for promises of jam tomorrow, and a relevant factor will be a balance between the value of the jam and the possible drop in value of your assets during the time they're frozen.
I am totally incompetent to advise you, but I'm sure you will find the information you need. Maybe ask a vampire.

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Admin
Admin
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What is 'staking' please? Empty Re: What is 'staking' please?

Fri Oct 15, 2021 10:02 am
Blah blah blah.

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kimchi
kimchi
Posts : 126
Join date : 2021-08-28

What is 'staking' please? Empty Re: What is 'staking' please?

Fri Oct 15, 2021 10:08 pm
@Admin wrote:Blah blah blah.

That sounds a lot like the start of a song!!! bounce
AceBullion
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What is 'staking' please? Empty Re: What is 'staking' please?

Fri Oct 15, 2021 10:51 pm

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dingy1688
dingy1688
Posts : 27
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What is 'staking' please? Empty Re: What is 'staking' please?

Sat Oct 16, 2021 3:38 pm
Its literally holding a coin and getting yearly interest.

https://www.coinbase.com/staking

Ethereum
5.00% APR

Algorand
4.00% APY

Cosmos
5.00% APY

Tezos
4.63% APY

Dai
2.00% APY

USD Coin
0.15% APY

better than a banks savings account.

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What is 'staking' please? Empty Re: What is 'staking' please?

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