Catching the Staking Wave
May 2, 2023
Written by NEU Blockchain Alpha Research:
Vivian Li, li.zhilin@northeastern.edu
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Read this research paper here.
Staking is a process in which a user locks up a certain amount of cryptocurrency for a set period of time to help support the operation of a blockchain. In return, users can earn more cryptocurrency! Lido enables users to stake Ethereum cryptocurrency and earn these staking rewards, even if they do not have the technical knowledge or resources to run a validator node themselves.
