What is a "PoS” Crypto?

If you're new to crypto investing and have heard terms such as Proof of Stake, (PoS), or "staking your crypto" it means that some coins can be locked (on an exchange) in order to earn rewards of the same token over a period of time. Think of it like earning interest.

Another (possible) benefit of staking your crypto is having voting rights on the governance of its network. My understanding is that the reason incentives are given for staking is to keep the blockchain network secure (while it validates new transactions), and continues to function as it should.

Something to note: Not all cryptos can be staked because their respective blockchain may not have been built with staking capabilities. Earlier cryptos, like Bitcoin and Ethereum were initially built on a "proof of work" blockchain rather than proof of stake. So, if you're interested in staking some crypto for an opportunity to earn more of them, you will need to do your own research to find out which ones can actually be staked.

Currently, if you live in the USA, you can find staking options on Gemini, Uphold and Crypto.com, just to name a few. And there are many exchanges outside the US that allow staking, as well.

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