Staking Pools — How They Work

Staking Series (5 part series — PART 2)

Katalyse.io
Mar 8, 2018 · 3 min read

Staking Pools

Have you ever wondered what you stake coins in pools to have better gains? Well, you can, and that’s why in this article, we will focus on Staking Pools. Staking Pools are focused on making the most out of the staking process. It works similar to Pooling mines that are available for POW coins.

Staking Pools — How they work

Staking Pools are focused on making the most out of the combined staking capacity. Generally, the bigger the staking pool, the more chances are there that the staking pool will be picked and verify a block.

Should you go for a Staking Pool?

Well, it entirely depends on your requirement. If you already have a good number of staking coins in your wallet, then it might not be a good idea to take participation in a staking pool. However, if you have a low number of coins, then staking is your best bet to gain more profits.

Where to join staking pools?

Staking pools are coin specific, and that’s why there is not a one staking pool where you can put your coin. First, you need to confirm that you have a POS coin. Once done, you need to check their forum or guides related to that coin.



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A network of business & tech podcasts designed to accelerate learning. Selected as “Best of 2018” by Apple. Mission.org