MiningMining verifies and records cryptocurrency transactions on a digital ledger (blockchain). The approval or verification process for adding new transactions... Read More staking is when a minerMiner can refer to either a computer that performs the cryptographic hashing function required to add transaction data to the... Read More participates in a proof-of-stake system to earn rewards. In a proof-of-stake consensusConsensus allows a distributed system such as a blockchain to function as a decentralized peer-to-peer system without the need to... Read More system, staking is the holding of funds in a cryptocurrency walletA cryptocurrency wallet is a physical or electronic device that stores a user's private and public keys. These keys provide... Read More to support the operations of a blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... Read More. When staking, miners agree to put their coins at risk and help validate transactions on the blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More network for a chance to earn rewards. Staking is available with cryptocurrencies that use the proof-of-stake model to process payments.
See https://academy.binance.com/en/articles/what-is-staking [Biance]
