💸Dino's Stake

This is guide for Staking

Staking is an alternative to crypto mining. It consists of holding cryptocurrency in a digital wallet to support a specific blockchain network’s security and operations. By ‘locking’ or putting away the cryptocurrencies, users can receive staking rewards. Rather than solving complex mathematical puzzles to keep the network secure, the PoS mechanism stimulates users to strengthen the blockchain network in exchange for a reward in the form of crypto. This reward also serves as an interest.

The PoS mechanism allows users to generate a passive income only by holding coins as they earn crypto. Typically, validators are selected to produce the next block based on the size and the average period it holds of their stake. Although there are other functions to prevent a front-running consensus, a larger stake usually gives users a higher chance of producing the blockchain’s next block. Proposed blocks by validators are then propagated to the rest of the set, who verify and add the blockchain’s approved block. Users can generate passive income by staking their tokens in the Pool section. Each pool has a different APY. The process is fast & easy.