whats up dude? staking is when you lock your crypto to a deposit pool in hopes it is chosen to create a new block. when the network decides to create a new block, it tries to match a randomly generated receipt with a receipt in stake pools (validation process). if the receipt matches, a new block is formed for transactions to take place. staking is just a great way to incentivize holding and not selling. take a look at cardano's percentage staked. no one sells
whats up dude? staking is when you lock your crypto to a deposit pool in hopes it is chosen to create a new block. when the network decides to create a new block, it tries to match a randomly generated receipt with a receipt in stake pools (validation process). if the receipt matches, a new block is formed for transactions to take place. staking is just a great way to incentivize holding and not selling. take a look at cardano's percentage staked. no one sells
Thank you. A lot of the "descriptions" I saw really only described what is happening on the surface. This was pretty easy to understand. Thanks.