Staking

Staking is the process by which cryptocurrency validators secure of a Proof-of-Stake (PoS) blockchain network.. Participants lock up a portion of their digital assets as collateral, granting them the opportunity to validate new blocks and earn rewards in the form of additional tokens. This mechanism not only incentivizes network security but also allows holders to generate passive income from their existing assets.

For web3 developers, integrating staking functionalities into decentralized applications (dApps) can enhance user engagement and provide additional utility for tokens. Understanding the intricacies of staking protocols is crucial for creating secure and efficient systems that align with the network's consensus mechanisms.