Staking in crypto ecosystem

Hello friends once again it's such an honor to share such amazing ideas I have in my head with grade minded individuals who shows interest and participate very actively in the Steem blockchain technology ecosystem, today I would love to talk about staking assets, freezing asset or powering up asset in the crypto technology ecosystems.

Staking of crypto currencies have so many names and terminologies, almost every blockchain technology have a term the use for example steemians call it power up while the users of Tron ecosystem call it freezing of assets, they mai thing you should know that no matter the name it's called it's generally known as staking.

In the crypto ecosystems staking is a very popular term and a very encouraged activities that every blockchain technology tries to inspire and motivate every users to participate in just to grow effectively and efficiently.

Stalking is the act of storing or saving your crypto asset in a special wallet within the wallet, all asset sent to this special asset can't be withdrawn immediately unless you wait for a specific period of time, although it might please you to know that every blockchain technology has their own specific time before you can successfully remove or your unstake your asset

Most blockchain technology platform tries to attract more user to stake their assets by adding powerful and mouth watering rewards, for example on Tron blockchain you are given free bandwidth that you could use to bypass any transaction charges and also you only get a spot to got to vote your desired Tron super representative that would help in the blockchain governance.

The case is similar on steem blockchain, where the staked asset are called steem power because they actually give you more power and influence on the blockchain more than users with lower steem power. So this act inspires people to power up more often to get famous.

Also powering up gifts users additional powers and right to elect or vote for that desired witness who is in charge of governing the platform adding block to the blockchain and also verify this blocks to make sure that the hemit they require criterias before they could be joined or added to the existing blockchain.

From my wallet

It may also amaze you to know that the steam blockchain at of the world users who holds steam power with the weight of 2.75% of your holdings every period of time, this alone also have serious benefit user and blockchain and that is why anyone who sees it sees it as a big opportunity to harness a new passive income.

Also on steem blockchain you need to power up at least 50% of your monthly rewards before you can be entitled to win any contest because the team came up with a master minded ideas that would reduce the withdrawal of steem asset on the blockchain technology

Also it is not news that so many crypto exchange now fully support is stake of crypto asset on their exchange, whenever a user stake an asset on the exchange. The exchange gives out a particular amount of reward that is used to thank, inspire and motivate the user to keep staking asset on their exchange