Stake Cryptos

Amount to Stake

Info

Algorand (ALGO) staking is a process where individuals actively participate in the verification and validation of transactions on the blockchain by holding and locking up a certain amount of Algorand (ALGO) in a compatible wallet. Unlike traditional mining processes, Algorand (ALGO) staking operates on the Proof-of-Stake (PoS) consensus mechanism. Participants, or stakers, are selected to create new blocks and validate transactions based on the amount of Algorand (ALGO) they have staked. In return for their contribution to network security, stakers receive additional Algorand (ALGO) as rewards, providing a passive income stream. This method not only enhances the security of the network but also offers an environmentally efficient alternative to traditional Proof-of-Work (PoW) systems.