What is Staking in the Crypto World?

What is Staking in the Crypto World?

Back again with another crypto article. In this time we will talk about the issue of staking, when many people hear this word, they probably still do not know what it is. Why do you need to know Therefore, we will get to know each other together in this article.

Staking is the concept of Proof of stake, which is the placement of money as a guarantee to verify identity in the system to prevent fraud. or attack the user's system If any user does such action, the guarantee money will be forfeited from the system. It is based on the use of psychology. Proof of stake also makes transactions on the Blockchain noticeably faster, because once the collateral is deposited, the transaction can be confirmed by an individual without the user. There is no need to dig. or decode it yourself anymore

It's well known that Proof of stake is similar to Proof of work, but there are some differences.Proof of work trades electricity for safety. But on the other hand, Proof of stake uses collateralized coins in the system as a means of security. Therefore, it is viewed by many as intangible and therefore may not be as popular as it should be. In Thailand, the staking coin that is available is Zcion that allows you to deposit with Satang Pro and each month you will receive Zcoin into your wallet.

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