3 Staking Cryptos to Buy This Summer
Staking can be a powerful way to earn yields on certain crypto investments. It's a bit like holding dividend-paying stocks -- investors benefit from regular staking rewards as well as any accumulation in value.
Proof-of-stake blockchains use staked coins to validate transactions and keep the network secure. Stakers earn rewards in return for tying up their coins. This makes it a relatively safe way to put your crypto to work. It's different from other -- riskier -- ways to earn interest on your holdings, such as crypto lend-earn schemes.
Staking is back in the spotlight this summer after a few years in regulatory purgatory. Uncertainty over whether the interest-earning aspect made staked assets into securities meant some exchanges were reluctant to offer staking services. However, the Securities and Exchange Commission (SEC) has now confirmed that, for the most part, staked cryptos are not securities.
Source Fool.com
