staking in defi


The chances of coming across the word ‘Staking’ from someone in your circle are high if you’ve been in crypto. In simple terms, Staking is similar to mining but only on a PoS (Proof of Stake) consensus network. If you aren’t exactly sure about that, there are some alternatives also. Before elaborating more about that, let’s try to understand why we need Staking in the first place? Need for Proof-of-Stake Proof of Stake by nature…