What is 'staking' please?
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Admin
The Cat's Mother
6 posters
- GuestGuest
What is 'staking' please?
Thu 14 Oct 2021, 19:22
As per the title, can anyone please tell me very simply what staking is?
Many thanks in advance![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
Many thanks in advance
![Smile](https://2img.net/i/fa/i/smiles/icon_smile.gif)
- The Cat's MotherModerator
- Posts : 3436
Join date : 2021-05-19
Location : UK
Re: What is 'staking' please?
Thu 14 Oct 2021, 19:25
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.
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
- GuestGuest
Re: What is 'staking' please?
Thu 14 Oct 2021, 19:43
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!](https://2img.net/i/fa/i/smiles/lol.gif)
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 MotherModerator
- Posts : 3436
Join date : 2021-05-19
Location : UK
Re: What is 'staking' please?
Fri 15 Oct 2021, 07:24
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.
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
- GuestGuest
Re: What is 'staking' please?
Fri 15 Oct 2021, 22:08
Admin wrote:Blah blah blah.
That sounds a lot like the start of a song!!!
![bounce](https://2img.net/i/fa/i/smiles/icon_bounce.gif)
- dingy1688
- Posts : 73
Join date : 2021-08-25
Re: What is 'staking' please?
Sat 16 Oct 2021, 15:38
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.
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
- ultimatebeginner
- Posts : 5
Join date : 2022-04-29
Location : Europe
Re: What is 'staking' please?
Mon 01 Aug 2022, 19:03
If there were a coin and platform where the price didn't plummet during staking then I'd be interested. ![Wink](https://2img.net/i/fa/i/smiles/icon_wink.gif)
![Wink](https://2img.net/i/fa/i/smiles/icon_wink.gif)
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- The Cat's MotherModerator
- Posts : 3436
Join date : 2021-05-19
Location : UK
Re: What is 'staking' please?
Mon 01 Aug 2022, 19:29
I suppose you could say that the stake lets all the air out.ultimatebeginner wrote:If there were a coin and platform where the price didn't plummet during staking then I'd be interested.
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- ilank14
- Posts : 95
Join date : 2021-09-30
Re: What is 'staking' please?
Thu 01 Sep 2022, 08:41
Sad, just wrote a decent reply and then got an error message saying that the forum doesn't exist!?
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- The Cat's MotherModerator
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Join date : 2021-05-19
Location : UK
Re: What is 'staking' please?
Thu 01 Sep 2022, 08:45
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.
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Re: What is 'staking' please?
Thu 01 Sep 2022, 10:06
The forum was doing a update, I apologise.
It was my Fault
It was my Fault
ilank14 likes this post
- The Cat's MotherModerator
- Posts : 3436
Join date : 2021-05-19
Location : UK
Re: What is 'staking' please?
Thu 01 Sep 2022, 10:31
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](https://2img.net/i/fa/i/smiles/fresse.png)
Admin and ilank14 like this post
Re: What is 'staking' please?
Thu 01 Sep 2022, 11:36
Back on the subject, I guess I am staking ( nearly typed Stalking
) on Crypto.
I have been doing DIA for over a year now.
![lol!](https://2img.net/i/fa/i/smiles/lol.gif)
I have been doing DIA for over a year now.
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