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Author: Admin | 2025-04-28
A multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. IntroductionWhen Bitcoin (BTC) launched back in 2009, it introduced the distributed ledger concept known as the blockchain. The distributed ledger was the missing ingredient that would make digital currencies a reality.The idea behind the distributed ledger is to have copies of the blockchain held by multiple computers (called nodes) in different locations. It’s a system in which a simple majority of the nodes get to vote on what goes into the ledger. Whenever there is a conflict between copies of the ledger, the version held by the majority of the nodes becomes the ‘true’ version.In essence, the nodes have to get into an agreement or a consensus of the true version of the ledger.The process through which the consensus is reached varies between various projects and networks. For instance, Bitcoin (BTC) and Ethereum (ETH) use Proof-of-Work (PoW) consensus, while EOS and Cardano (ADA) use the Proof of Stake (PoS). In this definitive guide on cryptocurrency staking, we’ll focus on the latter consensus.How does blockchain work. Source: Finbold.comWhat is cryptocurrency staking?Cryptocurrency staking is the process of locking up a portion of your assets to qualify to earn passive income in the form of staking rewards (interest), participate
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