What is Crypto Staking?

Crypto staking is a process in which holders of certain cryptocurrencies can earn rewards for supporting the network by holding their coins in a wallet and participating in the validation of transactions. This is in contrast to the mining process, in which rewards are earned by contributing computing power to solve complex mathematical problems and validate transactions. To participate in staking, a person typically needs to have a certain amount of the specific cryptocurrency in their wallet and run a…