Block verification happens using proof of stake
Posted on: January 2, 2021 at 17:27:05 CT
ashtray UF
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Instead of proof of work, like Bitcoin uses. By staking your coins you are rewarded with additional coins. Kraken is rewarding at 12% APR compounded twice per week. Along with the coin price appreciation it comes out to be worth far more than 12%.
Once you buy the coins, staking them transfers them to a custodial wallet and you can stake/unstake them as often as you want. It's just a couple of mouse clicks.