Staking Coins | Staking Rewards | Crypto Staking | AscendEX Staking

Staking: Explained

Staking on AscendEX Earn provides users with a passive income stream by generating yield on their idle assets. By locking up tokens in an AscendEX staking project, users are helping maintain blockchain network operations. The term “staking” comes from Proof-of-Stake (“PoS”) blockchain networks. PoS blockchain networks rely on validators to operate full nodes that participate in various consensus mechanisms. It is complicated and technically prohibitive for the average user to run a validator and earn rewards independently. So, AscendEX removes these technical hurdles to staking and makes it easy for individuals to delegate assets to trusted validators with a few simple steps. AscendEX staking provides users with a simple method to earn a portion of the validator’s block rewards based on their contribution amounts over time.