What is 'staking' please?

As per the title, can anyone please tell me very simply what staking is?

Many thanks in advance

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.

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

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?

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.

Blah blah blah.

Admin wrote:Blah blah blah.

That sounds a lot like the start of a song!!!

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.