{"id":9776,"date":"2023-04-19T19:14:41","date_gmt":"2023-04-19T19:14:41","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9776"},"modified":"2025-09-10T15:24:17","modified_gmt":"2025-09-10T15:24:17","slug":"what-is-cryptocurrency-staking","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking","title":{"rendered":"What is cryptocurrency staking?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#what_is_cryptocurrency_stacking_definition\" >What is cryptocurrency stacking: definition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#how_does_cryptocurrency_staking_work\" >How does cryptocurrency staking work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#types_of_staking\" >Types of staking<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#centralized_staking\" >CENTRALIZED STAKING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#decentralized_staking\" >DECENTRALIZED STAKING<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#advantages_of_cryptocurrency_staking\" >Advantages of cryptocurrency staking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#how_to_staking_cryptocurrencies\" >How to Staking cryptocurrencies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#where_and_how_to_do_cryptocurrency_staking\" >Where and how to do cryptocurrency staking?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#staking_on_exchange_platforms\" >Staking on exchange platforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#pool_of_strike\" >Pool of strike<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#requirements_for_staking_cryptocurrencies\" >REQUIREMENTS FOR STAKING CRYPTOCURRENCIES<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#which_crypto_to_bet_on\" >Which Crypto to bet on?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#wallets_for_cryptocurrency_staking\" >Wallets for cryptocurrency staking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/#useful_resources_for_cryptocurrency_staking\" >Useful resources for cryptocurrency staking<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-1892793916\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"what_is_cryptocurrency_stacking_definition\"><\/span><strong>What is cryptocurrency stacking: definition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>If you have read somewhere the word \u2018staking\u2019 but don\u2019t know what it refers to, don\u2019t panic. Today I will explain\u00a0<strong>what cryptocurrency staking is<\/strong>, how it works and how to earn with it.<\/p>\n<p>But, before I go any further, I\u2019ll give you two hints\u2026.<\/p>\n<ul>\n<li aria-level=\"1\"><b>Proof of Work\u00a0<\/b><\/li>\n<li aria-level=\"1\"><b>Proof of Stake<\/b><\/li>\n<\/ul>\n<p>Sound familiar?<\/p>\n<p>Well, to understand what staking is, first you have to know that some cryptocurrencies like Bitcoin pay their miners (who are no more and no less than the master nodes of the network), with rewards to protect their networks. To do so,\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-bitcoin\/\">many coins like Bitcoin use a mining algorithm called Proof of Work<\/a>\u00a0(PoW).<\/p>\n<p>However,\u00a0<strong>PoW-based mining has some disadvantages.<\/strong>\u00a0One example is high energy consumption and constantly increasing costs of mining equipment.<\/p>\n<p>This is why\u00a0<strong>Proof of Stake was born, an alternative mining algorithm<\/strong>, which provides a consensus mechanism that allows users to protect cryptographic networks with minimal energy consumption and difficulty.<\/p>\n<p>So,\u00a0<strong>the word Staking comes from the PoS algorithm<\/strong>\u00a0and in the following paragraph we will see how it works, how it differs from the PoW algorithm and what are its benefits.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_cryptocurrency_staking_work\"><\/span><strong>How does cryptocurrency staking work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><strong>The Proof-of-Work (PoW)\u00a0<\/strong>based consensus mechanism works in this way: miners have to solve with powerful equipment, complex mathematical puzzles to validate blocks on the blockchain, thus ensuring the security of the network in exchange for a reward.<\/p>\n<p>With\u00a0<strong>staking<\/strong>, on the other hand, the user generally\u00a0<strong>buys a cryptocurrency to lock it (hold it) in a wallet or smart contract,<\/strong>\u00a0with the purpose of receiving a commission (fee) as a reward.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-1591776573\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-left\">\n<div id=\"banner-1908559922\" class=\"banner has-hover\">\n<div class=\"banner-inner fill\">\n<div class=\"banner-bg fill\">\n<div class=\"bg fill bg-fill bg-loaded\"><\/div>\n<div class=\"overlay\"><\/div>\n<\/div>\n<div class=\"banner-layers container\">\n<div class=\"fill banner-link\"><\/div>\n<div id=\"text-box-1825077676\" class=\"text-box banner-layer x50 md-x50 lg-x50 y15 md-y15 lg-y15 res-text\">\n<div class=\"text dark\">\n<div class=\"text-inner text-left\">\n<p>The Staking process is similar to the cryptocurrency\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-hold\/\">HODL<\/a>, except that in staking the staked cryptocurrencies are locked and cannot be used freely.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Once a user\u2019s participation is blocked, users can vote to approve transactions.<\/p>\n<p>Please note that the rules of participation vary by network and in many cases users do not have to vote and the transaction validation process is done automatically.<\/p>\n<p>Once the transactions are validated,\u00a0<strong>the network rewards randomly with a participation prize<\/strong>, and it does so taking into account the user\u2019s wealth, i.e. depending on how many cryptos of that coin the user owns.<\/p>\n<p>The amount of the reward is variable and depends on the total number of stakers participating in the process.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-817211160\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_290026234\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large ls-is-cached lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/Proof-Of-Work-PoW-VS-Proof-of-Stake-PoS.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/Proof-Of-Work-PoW-VS-Proof-of-Stake-PoS.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/Proof-Of-Work-PoW-VS-Proof-of-Stake-PoS-300x205.jpg 300w\" alt=\"Proof Of Work (PoW) VS Proof of Stake (PoS) Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/Proof-Of-Work-PoW-VS-Proof-of-Stake-PoS.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/Proof-Of-Work-PoW-VS-Proof-of-Stake-PoS-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/Proof-Of-Work-PoW-VS-Proof-of-Stake-PoS.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>As you have seen in the image above, the PoW and PoS mining algorithms have some important differences:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Mining capacity:\u00a0<\/b>In the Pow mechanism, the capacity to mine a block is determined by the computational power of each miner, while in the PoS mechanism it is determined by the number of tokens owned by the user.<\/li>\n<li aria-level=\"1\"><b>Rewards:\u00a0<\/b>In Pow, the miner who solves each block of the blockchain is rewarded with a reward. In the PoS the miner who has his cryptocurrencies blocked (\u2018staked\u2019) in a wallet, when validating transactions, will randomly earn the network fees (fee).<\/li>\n<li aria-level=\"1\"><b>Network security:<\/b>\u00a0In the PoW system, hackers need 51% of the computing power of the network to execute an attack, which is highly unlikely, but not impossible. In contrast in the PoS system a hacker would need to possess 51% of all cryptocurrencies in the network to execute an attack, which is practically impossible.<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"types_of_staking\"><\/span><strong>Types of staking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>There are\u00a0<strong>two types of staking<\/strong>: centralized and decentralized.<\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"centralized_staking\"><\/span><span data-text-color=\"primary\">CENTRALIZED STAKING<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Centralized staking is when you\u00a0<strong>use blockchain providers that offer the possibility to stake your cryptocurrencies<\/strong>. In this case, the user transfers his funds on the exchange and the provider will take care of everything else.<\/p>\n<p>This means that\u00a0<strong>the staking occurs outside the user\u2019s own personal wallet<\/strong>\u00a0and the user gives the staking provider full control of his funds. Thus, all earned rewards will be deposited into the account created on the exchange rather than into your personal wallet.<\/p>\n<p>The downside is that, in case of theft of the platform, the user could lose all his assets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"decentralized_staking\"><\/span><span data-text-color=\"primary\">DECENTRALIZED STAKING<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In contrast, decentralized staking, or dStaking, does not use a third-party exchange for staking cryptocurrencies. This means that the user retains control of their private keys and ownership of the assets, ensuring greater protection against fraud.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"advantages_of_cryptocurrency_staking\"><\/span><strong>Advantages of cryptocurrency staking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<ul>\n<li aria-level=\"1\">As you can see, Staking is a much easier process than Pow algorithm-based mining and<strong>\u00a0is a great passive income opportunity<\/strong>\u00a0for users who want to support crypto networks and, at the same time, earn money without intervention.<\/li>\n<li aria-level=\"1\">Users\u00a0<strong>do not have to have super powerful and expensive equipment<\/strong>, nor do they need technical knowledge, as is the case with the Pow-based algorithm. Moreover, they do not have to spend large amounts of energy.<\/li>\n<li aria-level=\"1\">In addition, the coins placed by users on the blockchain not only<strong>\u00a0help validate transactions, but above all, they help make the blockchain more secure and keep it running.\u00a0<\/strong><\/li>\n<\/ul>\n<p>This happens because when a user bets and locks their funds in a smart contract or wallet, it will help an attacker not have enough cryptocurrencies (51% of the entire network) to be able to execute a\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-51-blockchain-attack\/\">51% attack<\/a>.<\/p>\n<p>This makes users rewarded for good behavior,\u00a0<strong>making the network much more secure<\/strong>\u00a0than in the proof-of-work mechanism.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_staking_cryptocurrencies\"><\/span>How to Staking cryptocurrencies?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>If you want to staking cryptocurrencies and start earning some extra income, you will have to follow a few simple steps:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Choose the cryptocurrency with PoS consensus system:\u00a0<\/b>choose, among the available PoS cryptocurrencies, a cryptocurrency that catches your attention.<\/li>\n<li aria-level=\"1\"><b>Download the wallet:<\/b>\u00a0I advise you to use a software wallet to store the funds used for staking. In the next paragraphs I will give you a list of the best wallets for staking, although each crypto has its own free wallet.<\/li>\n<li aria-level=\"1\"><b>Study the minimum requirements that each crypto asks for:<\/b>\u00a0it can be a minimum number of coins needed to bet, having a connection to the h24 network, or a verification of your identity.<\/li>\n<li aria-level=\"1\"><b>Decide which hardware to use:\u00a0<\/b>You can use a desktop PC with a good GPU or CPU.<\/li>\n<\/ul>\n<p><b>Start staking:\u00a0<\/b>once you have configured your wallet, you can start betting.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"where_and_how_to_do_cryptocurrency_staking\"><\/span>Where and how to do cryptocurrency staking?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>You can bet crypto both\u00a0<strong>online and offline.\u00a0<\/strong><\/p>\n<ul>\n<li aria-level=\"1\"><b>If you decide to bet offline,<\/b>\u00a0you will have to use y<strong>our PC as a validator node<\/strong>\u00a0or delegate node. Some cryptocurrencies require that the node you use meets some minimum technical requirements. Generally master nodes are created either with a wallet desktop on your computer or on a VPS (Virtual Private Server).<\/li>\n<li aria-level=\"1\"><b>If you decide to do it online,\u00a0<\/b>you can choose between staking\u00a0<strong>on exchange platforms<\/strong>\u00a0or using a\u00a0<strong>staking pool<\/strong>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"staking_on_exchange_platforms\"><\/span><span data-text-color=\"primary\">Staking on exchange platforms<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you don\u2019t want headaches and prefer to have an external platform handle the management of transactions, the wallet and the security of your private keys, then the best solution is to staking on an exchange platform.<\/p>\n<p>Below you will find\u00a0<strong>a list of the main exchanges<\/strong>\u00a0where you can staking cryptocurrencies online:<\/p>\n<ul>\n<li aria-level=\"1\">Coinbase<\/li>\n<li aria-level=\"1\">Binance<\/li>\n<li aria-level=\"1\">Kraken<\/li>\n<li aria-level=\"1\">Bitfinex<\/li>\n<li aria-level=\"1\">Huobi<\/li>\n<li aria-level=\"1\">OKEx<\/li>\n<\/ul>\n<p>Most of these platforms offer staking services for a wide range of cryptoassets while some only support their associated projects. Binance currently offers the largest variety, with a total of 42 cryptocurrencies available for staking.<\/p>\n<h3 class=\"thin-font\"><span class=\"ez-toc-section\" id=\"pool_of_strike\"><\/span><span data-text-color=\"primary\">Pool of strike<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Another option for earning passive income through cryptocurrency staking is by joining a pool.<\/p>\n<p>Staking in a pool or group allows you to join with other crypto asset holders to combine computing resources and increase your chances of receiving rewards. Although staking pools generally produce smaller payouts, as the reward must be divided among the participants in the group, working in a team will make it easier to earn rewards.<\/p>\n<p><a href=\"https:\/\/www.poolofstake.io\/\">Pool of Stake<\/a>\u00a0is an example of a staking pool that you can use.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"requirements_for_staking_cryptocurrencies\"><\/span>REQUIREMENTS FOR STAKING CRYPTOCURRENCIES<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Whichever method you choose, before you start betting cryptocurrencies, it is very important that you check that the blockchain uses the PoS algorithm. Then you should inform yourself about the\u00a0<strong>general conditions, which the platforms you are going to bet on<\/strong>, ask from their users.<\/p>\n<p>Some platforms may ask for the following:<\/p>\n<ul>\n<li aria-level=\"1\">The wallet must support staking.<\/li>\n<li aria-level=\"1\">The wallet must be connected 24 hours a day if you are staking online.<\/li>\n<li aria-level=\"1\">Coins have to be locked in the wallet for at least a couple of days before you can receive a reward.<\/li>\n<li aria-level=\"1\">You must have a minimum amount of cryptocurrencies locked in the wallet.<\/li>\n<\/ul>\n<p>Note that each blockchain has different rules for its cryptos. Therefore, it is advisable to find out specifically for each token what restrictions apply.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"which_crypto_to_bet_on\"><\/span>Which Crypto to bet on?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>More and more cryptocurrencies that use the PoS algorithm are joining the crypto universe and below I will show you a list of the most popular ones for staking,<\/p>\n<ul>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/comprar\/ethereum\/\">Ethereum<\/a>\u00a0( has started using the PoS algorithm with the release of Ethereum 2.0 on December 2, 2020.)<\/li>\n<li aria-level=\"1\">\u00a0EOS<\/li>\n<li aria-level=\"1\">Tezos<\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/comprar\/tron\/\">Tron<\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/cotizacion-criptomonedas\/\">QTUM<\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/comprar\/omg-network\/\">OmiseGo<\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/comprar\/cardano\/\">Cardano<\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/comprar\/dai\/\">Dai<\/a><\/li>\n<li aria-level=\"1\">Polkadot<\/li>\n<li aria-level=\"1\">Komodo<\/li>\n<li aria-level=\"1\">NEO<\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.bitnovo.com\/cotizacion-criptomonedas\/\">ONT<\/a><\/li>\n<\/ul>\n<p>Most of the listed coins can be\u00a0<a href=\"https:\/\/www.bitnovo.com\/en\/quote-cryptocurrencies\/\">purchased at Bitnovo at the best price on the market.<\/a><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"wallets_for_cryptocurrency_staking\"><\/span>Wallets for cryptocurrency staking<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Most PoS cryptographic tokens have their own wallet designed for staking.<\/p>\n<p>However, there are a couple of wallets that support multiple tokens.<\/p>\n<ul>\n<li aria-level=\"1\"><a href=\"https:\/\/atomicwallet.io\/staking\">Atomic Wallet<\/a>\u00a0supports 15 token types, including Tron, NEO, Tezos, OmiseGo and Cardano.<\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/trustwallet.com\/staking\">Trust Wallet<\/a>, allows the staking of 9 types of tokens, among them: Tezos, Tron, Cosmos, VeChain. It also offers a staking calculator, very useful when evaluating the possible benefits of the investment.<\/li>\n<\/ul>\n<p>There are also Cold wallets like Ledger that provide a staking platform. The negative note is that not all PoS based cryptos support cold or offline staking.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"useful_resources_for_cryptocurrency_staking\"><\/span>Useful resources for cryptocurrency staking<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>As the popularity of staking increases, so do the resources that help users undertake this activity.<\/p>\n<p>So, before you get started, I advise you to take a look at these useful resources that will make it easier to start staking cryptocurrency.<\/p>\n<ul>\n<li aria-level=\"1\"><a href=\"https:\/\/www.stakingrewards.com\/\">Stakingrewards<\/a>: is a data provider for crypto staking and growth tools. At the moment it allows you to track 164 assets from 1782 qualified providers and with an average reward rate of 17.28%. In addition, their online calculator allows you to calculate your potential earnings.<\/li>\n<li aria-level=\"1\"><span data-text-color=\"primary\">Staking Profit Calculators:\u00a0<\/span>\u00a0Most cryptocurrency wallets also provide a staking calculator that allows you to enter the amount of assets you wish to bet and a time frame to get an estimate of the returns.<\/li>\n<\/ul>\n<p>Here is a list of calculators for the most popular PoS tokens:<\/p>\n<p><a href=\"https:\/\/www.adatainment.com\/index.php?page=staking_calculator\">ADA<\/a><\/p>\n<p><a href=\"https:\/\/ethereumprice.org\/eth-2-calculator\/\">Ethereum<\/a><\/p>\n<p><a href=\"https:\/\/atomicwallet.io\/tron-trx-staking\">TRX<\/a><\/p>\n<p><a href=\"https:\/\/qtum.info\/misc\/toolbox\/stake-calculator\">QTUM<\/a><\/p>\n<p><a href=\"https:\/\/omgpool.org\/staking-rewards-calculator\">OmiseGo<\/a><\/p>\n<p><a href=\"https:\/\/www.adatainment.com\/index.php?page=staking_calculator\">Cardano<\/a><\/p>\n<p><a href=\"https:\/\/node.ont.io\/calculator\/node\">ONT<\/a><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Now you have all the information and resources to start staking Cryptocurrencies. You just need to jump into the \u2018pool\u2019 \ud83d\ude09 Are you up for it?<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>What is cryptocurrency stacking: definition If you have read somewhere the word \u2018staking\u2019 but don\u2019t know what it refers to, don\u2019t panic. Today I will explain\u00a0what cryptocurrency staking is, how it works and how to earn with it. But, before I go any further, I\u2019ll give you two hints\u2026. Proof of Work\u00a0 Proof of Stake [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9776"}],"version-history":[{"count":2,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9776\/revisions"}],"predecessor-version":[{"id":24709,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9776\/revisions\/24709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8236"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}