Post
Topic
Board Altcoin Discussion
Re: Some questions about the Staking.
by
hosseinimr93
on 08/01/2022, 23:27:50 UTC
2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.
There is nothing such as staking bitcoin.
Bitcoin is a proof of work cryptocurrency, not proof of stake.

In proof of stake cryptocurrencies, you can stake their coins to validate transactions. Bitcoin is a proof of work cryptocurrency and works in a different way.
If there's a website in which you deposit bitcoin and get interest, that's not staking. That's lending.