What is Staking and how does it work?

What is Staking?
Staking or PoS (Proof of Stake) is a method of cryptocurrency "mining" where users hold their digital currency and get rewarded instead of using computing power like PoW (Proof of Work). In return, they receive rewards based on how much time they have held onto their Crypto and how much of that Crypto they are holding. It is a more climate-friendly version of mining. Regular mining like the type Bitcoin uses takes a lot of computing power and energy/resources. Staking allows you
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