ETH staking involves locking up a certain amount of Ethereum in a wallet to support the blockchain network. Stakers are responsible for processing and validating transactions, securing the network, and reaching consensus. In return for their efforts, stakers earn rewards in the form of additional Ethereum.
Staking helps to increase the security and efficiency of the Ethereum network by incentivizing holders to actively participate in the network. It also helps to reduce the reliance on energy-intensive mining processes, making the network more environmentally friendly.
Staking rewards can vary based on factors such as the amount of ETH staked and the overall network participation. Staking is considered a passive income opportunity for ETH holders who are willing to participate in network maintenance and governance. ETH staking is becoming increasingly popular as more users look for ways to earn passive income and support the blockchain networks they believe in.
