This week on the Wild West Crypto Show, hosts Drew Taylor and Brent Bates invited two special guests to talk about their experiences with “crypto staking.” Episode 129, titled “Markets Up After the Debate,” kicked off with Dan Schoen and Hart Simpson explaining the staking concept: how by simply holding cryptocurrencies to verify transactions and support a network, owners can earn rewards in the form of more cryptocurrency.
Many blockchain networks encourage staking because it reduces the costs of a consensus mechanism. The original consensus mechanism, Proof-of-Work (“PoW”), employed by the…
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