New Stacking Features In Binance


Cryptocurrency exchange giant, Binance has recently announced a dedicate staking platform where its users can easily stake its cryptocurrency holdings.

With this new service, Binance clients will be able to deposit their token holdings and earn staking rewards, without having to set up their own nodes to fulfill minimum staking amounts and/or time lengths.

In blockchain that uses the consensus protocol of Proof-of-Stake (POS), nodes in the network engaged in validating blocks based on a deterministic algorithm that selects block validators based n the number of tokens a given node has staked in their wallet.

Participating in staking can yield significant percentage gains depending on the size of the participant's stake, offering the change to investors a chance to earn a form of interest on their crypto holdings.

Changpeng Zhao, CEO of Binance, eagerly, announced the new service saying that users don’t have to do anything as your funds can still be traded as usual.


 
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