What are Crypto Staking Pools?

Staking pools are groups of individuals who pool their resources to increase their chances of validating blocks and earning rewards in a Proof of Stake (PoS) blockchain network. In a PoS system, validators are chosen to create new blocks and validate transactions based on the amount of stake they hold, typically measured in the native cryptocurrency of the network. By pooling their resources together, individuals in a staking pool can increase their chances of being chosen as a validator and…