What does “staking” mean in cryptocurrency?
a) Storing cryptocurrency in a cold wallet
b) Holding funds in a wallet to support the security of a blockchain network
c) Using cryptocurrency to make a purchase
d) Mining cryptocurrency on a computer
Answer:
b) Holding funds in a wallet to support the security of a blockchain network
Explanation:
Staking involves holding cryptocurrency in a wallet to support the operations of a blockchain network, typically in Proof of Stake (PoS) systems.