What is staking in crypto?

Staking in crypto involves actively participating in a blockchain network's operations by locking and holding a certain amount of cryptocurrency in a compatible wallet. In return, participants earn additional coins as rewards for supporting the network's functions, such as validating transactions or creating new blocks. Staking enhances the security and efficiency of blockchain networks while providing investors with a passive income stream. Popular for its potential to generate consistent returns, staking has become a favored method for crypto enthusiasts to contribute to the ecosystem and earn rewards, creating a symbiotic relationship between investors and blockchain projects.