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Cryptocurrency News

The many layers of crypto staking in the DeFi ecosystem

04/20/2022

Less than a minute

2022.04.20 19:47

Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network.

PoS is one of the most popular mechanisms that allows blockchains to validate transactions and it has become a credible consensus mechanism alternative to the original proof-of-work (PoW) used by Bitcoin.

Source

04/20/2022

Less than a minute