For those of us who are part of the Spanish-speaking world, it is a bit difficult for us to understand certain concepts, but without these they have to do with cryptography.
One of these concepts is "Staking", which when seeking to translate it into Spanish we can obtain results such as "stake" or "leverage".
So get ready to learn more about this interesting world of the Blockchain
What does the concept of Staking contain?
The phrase "Staking" in the crypto world refers to immobilizing our cryptocurrencies, leaving them in the same place for a specified period of time.
Or we could also say that it is about leaving cryptocurrencies in any wallet that you want with a particular intention.
Staking and Proof of Stak (PoS), what relationship do they have?
To speak of Blockchain is to speak of "chain of blocks" and therefore of the validation of the blocks.
For the blockchain to be validated, two processes are needed:
1.- The proof of participation or (PoS),
2.- The proof of work or (PoW).
Proof of participation is necessary for a block to be validated, and this participation will be determined by participation, that is, by the "amount of cryptocurrencies" with which you are contributing or participating.
The proof of work is linked to the mining part, where the achievement of algorithms, equipment and other more complicated procedures are required.
But, what does Staking have to do with PoS?
Before explaining the relationship between these two elements, I would like to raise an example associated with Steemit.
From what I can tell you that Proof of Stake (PoS) can be associated with the activity they perform
the "witnesses" in the validation of the blocks.
By leaving your cryptocurrencies in your wallets for a certain time you would be doing "Staking" and at the same time you would be contributing to the validation of the blocks through the proof of participation.
Of course! You can Staking with different cryptocurrencies and in different wallets.
Each of these wallets will have their minimum parameters to perform Staking.
In this case, Staking requires compliance with minimum parameters.
In the case of the Ethereum 2.0 platform, the cryptocurrency is ETH and you will need at least 32 ETH.
If you are interested in the new RobiniaSawp project and you would like to do Staking you will need 200 STEEM (I would say that a little more than that amount due to the effect of commissions).
What do you gain doing Staking?
The first thing is to contribute favorably to the Blockchain, especially because you will be supporting the work of the witnesses in the process of validating the blocks.
The second thing you would earn would be rewards in cryptocurrencies, these returns are called "passive income".
Interesting, right?
Little by little I will go deeper into the subject, for today I want to make it clear that Staking is to invest in a cryptocurrency with the intention of immobilizing it to obtain returns in a certain period.
Remember that both platforms and Wallets show, in addition to the value of the cryptocurrency, the percentage of completion and the time it takes to achieve it.
The important thing is to start investing and thus feel safer in this world as wide as the Blockchain and the cryptographic world.
Keep in touch
very good information for sure...
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