Understanding Staking on Hedera

What is Staking?

Staking is a process where cryptocurrency holders participate in the network's consensus mechanism by locking up their tokens. In return, they earn rewards for helping to secure the network.

How Staking Works on Hedera

On the Hedera network, staking involves delegating your HBAR tokens to a node. This helps the network achieve consensus and maintain security. The more tokens you stake, the more influence you have in the consensus process.

Benefits of Staking on Hedera

• Earn rewards for participating in the network.
• Contribute to the security and stability of the Hedera network.
• Support the decentralization of the network.

Getting Started with Staking

To start staking on Hedera, you need to:

1. Hold HBAR tokens in a compatible wallet.
2. Select a node to delegate your tokens to.
3. Initiate the staking process through your wallet interface.