Cryptocurrency Staking Explained: How It ACTUALLY Works

CEX Staking is a way to earn returns on your crypto by holding it on a centralized exchange's designated wallet, supporting the network and earning extra yield on your crypto assets. We'll be focusing on this type of staking in this video:

1. What is staking?
2. How does staking work?
3. Benefits and risks of staking
3. Examples of centralised staking platforms

Links:
Consensus Mechanism:    • The 7 Types of Consensus Mechanisms Y...  
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Coinbase: https://www.coinbase.com/earn
Binance: https://www.binance.com/en/simple-earn
Kraken: https://www.kraken.com/features/staki...

Timestamps:
00:00 Intro
00:28 What is staking?
00:48 How does staking work?
01:50 Benefits of staking
02:19 Risks of staking
03:13 Examples of centralized staking platforms
04:28 Outro

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