Staking explained like you are 5 years old

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Staking explained like you are 5 years old

Every transaction needs to be validated by users to make sure everything is legit, there are two ways of doing this: staking and mining. I’ll only focus on staking because that’s what this post is about.

To start basic a Stake is like a security deposit. Staking is the act of putting your crypto out to forge blocks in the blockchain (valid transactions). The more you stake the more likely you are to be chosen to forge a block. If you are chosen to forge a block you will receive a reward in extra coins.

I hope this helps everyone, if you have any more questions just PM me.

submitted by /u/Basic_Bridge_8177
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