Staking is a process of holding and locking up cryptocurrency funds in a wallet or account to support the operations of a blockchain network. It involves users holding a certain amount of a cryptocurrency, such as Ethereum or Cardano, and locking it up for a set period of time to earn rewards for contributing to the network. Staking rewards vary based on the network and the amount of cryptocurrency being staked, and can range from a few percent to double-digit returns annually.
How does Polkadot distinguish itself from other Proof-of-Stake networks? Polkadot is a blockchain platform that enables communication between different networks, and was founded by Gavin Wood, co-founder of Ethereum and creator of the Solidity language,...
