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 How does the staking work?

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T O P I C    R E V I E W
Brody Posted - May 01 2024 : 08:54:32
Hi everyone. I would like to know how staking works, or rather, I would like to know the algorithm of its work, how it differs from mining?
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Jerald Posted - May 01 2024 : 09:04:47
Mining and staking though and imply the same essence - earning on crypto, yet they have completely different algorithms. Mining, as you know, is a struggle of technological power and it operates on the principle of Proof of Work. And staking in turn works on the mechanism of Proof of Stake (PoS) and is a competition between the owners of coins of a particular blockchain, and if you are interested in this method of earning, then more about it you can learn here https://xbanking.org/ .