Contest alert !! || Staking of crypto || 1 booming+2 SP
How are you all steemians? Hope you all are fine by the grace of Allah almighty I'm fine too. Today I am going to participate in the contest organized by @khursheedanwar in the steem4bloggers community about crypto. So let's answer the questions of the contest theme.
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That process in which we hold some amount of a cryptocurrency in a wallet which can be digital. It has done to support the network of blockchain.In the staking of coins someone can earn rewards in the form of cryptocurrency. The benefits of staking of coins to earn income passively. It doesn't require active trading and you can earn more rewards. This is attractive for those who are long-term investors.In the staking of crypto coins you are making your network secure. In the system of poor of stake the validators choose new different blocks which is based on the coin holding. It's us very significant to understand that staking can be risky. Because the cryptocurrency's values has fluctuations so it can affect our investment. If you want to start staking you should aware to choose that cryptocurrency which will support staking process
Have you ever participated in staking cryptocurrency
No , i didn't participate in the staking of cryptocurrency as I don't have enough information about the staking of cryptocurrency.
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One of the most important benifits of staking of cryptocurrency is that it is helpful to earn rewards. The staking is beneficial as it acts as Long term.When we stake our coins and earn rewards, we can accumulate more cryptocurrency. when the cryptocurrency's values increase, holding coins can appreciate the value.It is very important to be aware of the risks because the value of the coins can be fluctuate.
I invite my friends
@sahar78
@suboohi
@ashkhan
#Best regards @jannat12