Cryptocurrency Staking: Kickstarting a Decentralized Revolution

Token staking has quickly become one of the most powerful cryptocurrency-related trends tracked by LikeFolio.

There are two major types of cryptocurrency staking: Decentralized and Centralized.

• Decentralized Staking is a primary function of blockchains using a Proof-of-Stake (PoS) consensus mechanism -- Staked tokens are "locked" inside the network in exchange for the chance to produce a block and receive a reward.
• Centralized staking is a form of cryptocurrency lending -- Services and protocols exist to connect lenders with borrowers, promising an agreed-upon rate of return to the lender.

Consumer Mentions of staking various cryptocurrency tokens for rewards and governance benefits are surging: +96% QoQ and +731% YoY on a 90-day moving average.

Staking rewards are akin to dividend payments, as well as representing an aspect of the growing decentralized economy surrounding the blockchain space.