Dropee question of the day code 11 December What is the process of locking up cryptocurrency to support a blockchain network and earn rewards?
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Updated Dec 11, 2024
Today's Dropped Question of the Day Code 11 December 2024
We have the answer to Dropee Question of the Day Code December 11, 2024 puzzle. This answer will help you finish the puzzle you’re working on.
Here is the today's dropee question of the day code Answers for 11 December.
QUESTION: What is the process of locking up cryptocurrency to support a blockchain network and earn rewards?
ANSWER: Staking
Staking is the process by which cryptocurrency holders lock up their coins in a wallet to support the operations of a blockchain network. This support involves tasks such as validating transactions and securing the network. Staking is commonly associated with blockchain networks that use the Proof-of-Stake (PoS) consensus mechanism or its variants, like Delegated Proof-of-Stake (DPoS).
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