Staking is a key feature of the blockchain technology that enables it to function as a decentralized system. It is a method of securing a network of nodes that are used to record and process transactions. This method of security is achieved by requiring that all users of the network have a certain amount of cryptocurrency locked up in order to use the network. The cryptocurrency that is staked is then locked up for a period of time, which is called the “lockup period”. When the lockup period is over, the cryptocurrency is released back into circulation and can be spent.
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