Staking rewards refer to the incentives given to individuals who participate in the staking process of a proof-of-stake (PoS) blockchain. By staking, users lock up a specific amount of their tokens to help validate transactions and secure the network.In return for their commitment, stakers earn rewards, usually paid out in the same cryptocurrency. These rewards can vary based on network rules, the number of tokens staked, and the overall performance of the blockchain.The staking process not only helps maintain the system’s integrity but also promotes user engagement and investment in the network’s future. As more participants stake their tokens, the security and stability of the network increase.Overall, staking rewards serve as an appealing way for holders to earn passive income while contributing to the health of the blockchain they believe in.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes