05/23/2022
Staking is only possible via the proof-of-stake consensus mechanism. The latter is a special method used by blockchain networks to choose participants and verify new blocks of data being added to the network. ⠀
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The chosen participants are called validators.⠀
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The more coins you stake, the bigger the chance you get to be chosen as a validator.⠀
Every time blocks are added to a blockchain, new crypto coins are minted and distributed as staking rewards to the validators.⠀
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You simply make your coins work and that generate more coins for you.⠀
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