Crypto staking is an important part of the technology behind certain cryptocurrencies. Staking cryptocurrencies is a process that involves committing crypto assets to support a blockchain network and confirm transactions. Most cryptocurrencies that came after BTC have adopted staking as a way to verify their transactions, and it allows participants to earn rewards on their holdings. In fact, it is used by all cryptocurrencies that use the proof-of-stake model to process payments as it is a more energy-efficient alternative to the proof-of-work model, which requires mining devices that use computing power to solve mathematical equations.
Staking offers a great way to use crypto assets to generate passive income, especially because some cryptocurrencies offer high interest rates for staking. At Milliard Capital, our staking and HODL portfolios, together, makes up about 90% of our total assets. Some of the coins and tokens in our staking portfolio include Ethereum 2.0 (ETH), Polygon (MATIC), Terra (LUNA), Polkadot (DOT) and Tezos (XTZ).