The Precious Metal Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Go down
avatar
Guest
Guest

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
The Cat's Mother
The Cat's Mother
Moderator
Posts : 3622
Join date : 2021-05-19
Location : UK

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.

Fortune8 likes this post

avatar
Guest
Guest

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?
The Cat's Mother
The Cat's Mother
Moderator
Posts : 3622
Join date : 2021-05-19
Location : UK

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.

Fortune8 likes this post

Admin
Admin
Admin
Posts : 3698
Join date : 2021-05-08
Location : England UK
https://www.thepreciousmetalforum.com

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

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

avatar
Guest
Guest

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
AceBullion
Sponsor
Posts : 582
Join date : 2021-05-25
Location : England UK
https://www.acebullion.com

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

Fri Oct 15, 2021 10:51 pm
dingy1688
dingy1688
Posts : 73
Join date : 2021-08-25

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.

Admin and AceBullion like this post

avatar
ultimatebeginner
Posts : 5
Join date : 2022-04-29
Location : Europe

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

Mon Aug 01, 2022 7:03 pm
If there were a coin and platform where the price didn't plummet during staking then I'd be interested. Wink

Admin and ilank14 like this post

The Cat's Mother
The Cat's Mother
Moderator
Posts : 3622
Join date : 2021-05-19
Location : UK

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

Mon Aug 01, 2022 7:29 pm
ultimatebeginner wrote:If there were a coin and platform where the price didn't plummet during staking then I'd be interested. Wink
I suppose you could say that the stake lets all the air out.

Admin likes this post

ilank14
ilank14
Posts : 95
Join date : 2021-09-30

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

Thu Sep 01, 2022 8:41 am
Sad, just wrote a decent reply and then got an error message saying that the forum doesn't exist!?

Admin likes this post

The Cat's Mother
The Cat's Mother
Moderator
Posts : 3622
Join date : 2021-05-19
Location : UK

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

Thu Sep 01, 2022 8:45 am
ilank14 wrote:Sad, just wrote a decent reply and then got an error message saying that the forum doesn't exist!?

We do exist, we definitely do. It's probably due to the undead in the machine.

Admin and ilank14 like this post

Admin
Admin
Admin
Posts : 3698
Join date : 2021-05-08
Location : England UK
https://www.thepreciousmetalforum.com

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

Thu Sep 01, 2022 10:06 am
The forum was doing a update, I apologise. 
It was my Fault

ilank14 likes this post

The Cat's Mother
The Cat's Mother
Moderator
Posts : 3622
Join date : 2021-05-19
Location : UK

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

Thu Sep 01, 2022 10:31 am
Admin wrote:The forum was doing a update, I apologise. 
It was my Fault

You see, it was the Undead in the machine. What a Face

Admin and ilank14 like this post

Admin
Admin
Admin
Posts : 3698
Join date : 2021-05-08
Location : England UK
https://www.thepreciousmetalforum.com

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

Thu Sep 01, 2022 11:36 am
Back on the subject, I guess I am staking ( nearly typed Stalking  lol! ) on Crypto. 

I have been doing DIA for over a year now.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum