Firstly let’s discuss a bit about Staking, it is frequently known as “proof-of-stake,” it is the process of confirming transactions. It enables validators to earn higher rewards for merely participating in the network because they are putting their cryptocurrency at risk to support it. Simply put, staking allows you to lock up some of your funds for a predetermined amount of time. The more participants there are in the network, the faster and more dependable the transaction becomes. Stake could take a few days, weeks, a month, three months, or even a year . But your payout increases with the length of your staking term.