What You Need to Know About Crypto Staking, Delegating, and Validating

Jun 6, 2022

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What You Need to Know About Crypto Staking, Delegating, and Validating

Originally posted here.
By: Saheed Salami

Overview

There are a few ways to earn passive income in the crypto world. One way is through crypto staking. Staking is when you hold onto your coins in a wallet and allow them to accrue “interest.” It means that you will be rewarded with new coins for helping to secure the network.

Other ways to earn passive income are through delegating and validating. In this article, we will discuss these three methods of earning passive income and how they work! We will also explain the concepts of Proof of Work (POW) and Proof of Stake (POS). …

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