In recent times, the boom in the use of cryptocurrencies has set new standards for owning and investing in the capital market, to which people can also gain rewards through a process known as staking.

Staking is defined as a way of earning different rewards for holding various types of cryptocurrencies, including Ethereum, Cosmos, Solana, Tezo, and Cardano. People can also stake the rewards of their holdings and use the percentage rate to reclaim their reward over time.

Staking follows a consensus mechanism with the use of blockchain technology which is called Proof of Stake. It verifies all types of transactions without a middle-man or a bank process.