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FooBarAndGrill

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FooBarAndGrill

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Wednesday, 08/31/2022 10:11:11 PM

Wednesday, August 31, 2022 10:11:11 PM

Post# of 1757
Ethereum.org
What is staking?
Staking is the act of depositing 32 ETH to activate validator software. As a validator you’ll be responsible for storing data, processing transactions, and adding new blocks to the blockchain. This will keep Ethereum secure for everyone and earn you new ETH in the process. This process, known as proof-of-stake, is being introduced by the Beacon Chain.
You'll be rewarded a variable amount (<18%) for your $ETH stake but the flip side is it's locked up for a period of time (6-months to a year).

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