Staking or staking in the world of digital currencies means committing digital currencies to a Proof-of-Stake (PoS)-based blockchain network to earn rewards¹. Staking can be a good source of passive income¹. This method of earning profit without needing to trade is attractive to many people¹.

In the staking process, the right to validate transactions depends on the number of coins "locked" in the wallet¹. This process is similar to the process of mining digital currencies, but in the proof-of-stake method, people secure the network with their assets¹. This makes for higher security in proof-of-stake networks¹.

Additionally, staking can help strengthen the security of blockchain networks¹. By staking cryptocurrencies, you help keep the network secure and in return receive a percentage-based reward¹. This reward can be in the form of digital currency that is added to your wallet¹.