Similar to mining, users who engage in staking earn financial rewards (interest) for their work.Ĭryptocurrencies are digital currencies enabled by verified transactions on a decentralised blockchain, rather than by a centralised authority like a bank. When staking a cryptocurrency, you usually have to have a minimum amount of that coin in order to be trusted to participate in the process.
Staking refers to the verification of transactions on a cryptocurrency’s blockchain. Knowing how much you stand to make from that staking process can help you decide if it’s worth your time to participate, and that’s where our staking calculator comes in. If you’re looking for a way to profit from the explosion in cryptocurrency prices, validating those blockchain transactions can be a great alternative to or addition to investing in crypto. Why should I use it? Copy link to sectionĬryptocurrency tokens typically come in finite numbers, making validating the blockchain transactions that create new tokens a vital and often lucrative part of the process. How the staking calculator works Copy link to sectionīy specifying how active a role you’re playing in that staking process, our staking calculator can then use the going reward rates for different kinds of staking and tell you what kind of profits you should expect to make. You should consider whether you can afford to take the high risk of losing your money.
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