Staking pools are an excellent way to invest in cryptocurrency and earn passive income if you don’t have a huge portfolio of your own. In this glossary entry, we will talk about what staking pools are, their benefits, and how they work to help you understand more about the topic and why you may want to consider using one.
Staking pools are organizations of cryptocurrency holders who pool their resources together in order to maximize their chances of verifying transactions on a blockchain network. Staking pools allow smaller investors to participate in the network’s validation process, which would otherwise be very difficult as they simply wouldn’t have the appropriate resources or ability to engage in mining.
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