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

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

That sounds a lot like the start of a song!!! bounce
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Fri Oct 15, 2021 10:51 pm
dingy1688
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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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ultimatebeginner
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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

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The Cat's Mother
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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.

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ilank14
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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!?

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The Cat's Mother
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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.

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

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The Cat's Mother
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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

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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.
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