What is Staking?
Joining forces for a better mining process
Staking refers to what you hear from it, stake, clumping, putting things together. In crypto it refers to joining the forces of several miners to solve the logarithmic number by a group of nodes to make a new block.
In staking, several persons come together, connect their mining devices(whether laptops, Aisic machines, e.t.c)together to the same pool of mining, and use their united power to guess the next number needed for a block to be made.
People who wants to join the staking process needs to put some of their coins into the system(meaning to lock it up), this is taken as a guarantee fees, just like the guarantee fees of entering an auction. If they don’t maintain their nodes to be on all the time of the process or try to manipulate the system, these fees can be seized as a penalty!