ReStaking clearly
In simple terms:
Reststaking means using the crypto you already have in your wallet for additional purposes. Just like we said in our previous post, you can earn profit by staking your crypto by depositing it in the bank and earning interest. Restaking is similar to staking. Let's make it clear. For example, if you deposit money in the Commercial Bank of Ethiopia, you will earn 500 dollar per month. Or in crypto language, it means that you stake it. If you take that 500 dollar you earned in interest and deposit it in Abyssinia Bank, you will earn another interest. This is called Restaking. You can earn another benefit by depositing the profit you earned. Banks do various things with your deposits. The crypto you deposit in staking helps to verify the security of the blockchain and the network transactions. When many people stake their crypto, the network is locked and it helps to prevent hackers from hacking and fraud. That's why When you deposit, you are indirectly protecting the security of the blockchain, which gives you various rewards from time to time.
In short, Staking and Restaking look like this, this way you can earn more income!!!
https://t.me/E_crypto88
https://t.me/E_crypto88
In simple terms:
Reststaking means using the crypto you already have in your wallet for additional purposes. Just like we said in our previous post, you can earn profit by staking your crypto by depositing it in the bank and earning interest. Restaking is similar to staking. Let's make it clear. For example, if you deposit money in the Commercial Bank of Ethiopia, you will earn 500 dollar per month. Or in crypto language, it means that you stake it. If you take that 500 dollar you earned in interest and deposit it in Abyssinia Bank, you will earn another interest. This is called Restaking. You can earn another benefit by depositing the profit you earned. Banks do various things with your deposits. The crypto you deposit in staking helps to verify the security of the blockchain and the network transactions. When many people stake their crypto, the network is locked and it helps to prevent hackers from hacking and fraud. That's why When you deposit, you are indirectly protecting the security of the blockchain, which gives you various rewards from time to time.
In short, Staking and Restaking look like this, this way you can earn more income!!!
https://t.me/E_crypto88
https://t.me/E_crypto88