Online staking involves locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. This process is usually part of a consensus mechanism called Proof of Stake (PoS), where participants validate transactions and secure the network in return for rewards.By staking coins, users contribute to the network’s security and efficiency. The more coins a person stakes, the higher their chances of being chosen to create new blocks and receive rewards. This can provide a passive income stream as users earn additional coins over time.Participants typically use online platforms or exchanges to stake their assets. These platforms handle the complexities of the staking process, allowing users to earn rewards without needing to run a full node or maintain their own infrastructure. However, it’s essential to be aware of the risks. While staking can generate rewards, it often involves locking funds for a specified period, which may expose users to market volatility. Careful consideration is crucial before committing assets to staking.