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Staking cryptocurrencies has largely become a primary form of earning passive income in the crypto space. Currently, the value locked in DeFi staking platforms is between $21-$23 billion, and similar growth is expected in 2021. Staking is essentially holding or locking funds in a crypto wallet to participate in validating transactions and securing a PoS-based blockchain network. Stakers are incentivized for validation transactions or finding a new block based on the token they’ve staked. In this guide, we will look at crypto staking in detail as well as the best crypto-exchanges and platforms.
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