Staking

Posted on : by : BlockGlossary

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Meaning of Staking

The process of mining a proof of stake coin is often referred to as Staking.

Most cryptocurrency including the first and largest one Bitcoin, use proof-of-work mining to secure the blockchain. This has proven to be very secure and effective, but has some drawbacks like expensive energy usage and the need for specialized mining computers. Proof of stake is an alternative method.

See PoS!

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