This mechanism lets the transactions get gathered into blocks. Once you know how Bitcoin works, you will become familiar with the PoW or Proof of Work. The consensus mechanism called PoS lets blockchains operate in a more energy-efficient way as they maintain decentralization to a decent degree, in theory at the very least. Get a much better grasp of staking by understanding how PoS or Proof of Stake works. Binance Staking allows people to earn rewards just by having their coins held on the exchange. A lot of exchanges are offering their users staking services. Most of the time, you can have your coins directly staked from your crypto wallet, like the Trust Wallet. Staking consists of the act of having cryptocurrencies locked to get rewards. Staking involves having funds held in a cryptocurrency wallet to provide the blockchain network with support in operations and security. You may have staking considered as an alternative that is less resource-intensive compared to mining.
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