▫️Staking

Staking - SPARK

Staking with Spark: Getting the Most Out of Your Digital Assets

With Spark Staking, you may profit by locking money and promoting network stability.

How to start staking crypto with Spark

1. Choose the best wallet for staking crypto

Spark is what fits everyone best Stake your crypto

Lock your funds in Spark Wallet

1. Start receiving rewards

Get interested every time the validator creates blocks

1. Claim profit

Withdraw rewards to your wallet manually

Why stake cryptocurrency with Spark?

The best wallet for staking crypto – safe and easy, Spark Wallet is the perfect staking solution, that grants you

Technical support

If you encounter any issues or have questions related to staking, you can rely on their team to assist you promptly

Safety

Your crypto is secure with our best safety measures

Withdraw funds at any moment withdraw

Withdraw your staked funds at any time if you’ve changed your mind

Choose a validator with the most suitable conditions

Spark Wallet provides you with the freedom to choose a validator and optimize your staking returns to align them with your goals.

What is crypto staking?

Cryptocurrency staking is a process in which users hold and lock a certain amount of cryptocurrency in crypto staking services such as digital wallets, crypto exchanges, or staking apps to support the operations of a blockchain network.

By doing so, participants actively participate in the consensus mechanism of the network and contribute to its security and functionality. In return for staking their coins, participants are rewarded with additional cryptocurrency tokens, commonly referred to as staking rewards.

How does crypto staking work?

The staking process typically involves two main roles Validators and Delegators

Validators

Validators are responsible for verifying and validating transactions on the blockchain. They are required to hold a specific amount of the network's native cryptocurrency as collateral, which demonstrates their commitment to the network's security.

Validators are chosen to create new blocks and validate transactions based on various factors such as the number of tokens they hold and their reputation.

Delegators

Delegators, on the other hand, do not actively participate in the validation process but instead delegate their coins to validators. By delegating their tokens, delegators contribute to the overall security and decentralization of the network. In return, they receive a portion of the staking rewards earned by the validators they have chosen to delegate to. Delegating allows users with smaller amounts of cryptocurrency to still participate in staking and earn rewards.