# stake # coins # gold

**Stake Gold Coins** ### What is staking gold coins? ### Staking is a process by which cryptocurrency holders can earn rewards by locking up their coins in a secure wallet. This process helps to secure the network and validate transactions, and in return, stakers are rewarded with new coins. Staking is similar to mining, but instead of using specialized hardware to solve complex mathematical problems, stakers simply need to hold their coins in a designated wallet. This makes staking a much more accessible way to participate in the cryptocurrency ecosystem, and it is also a more environmentally friendly way to earn rewards. ### How does staking work? Staking works by using a consensus mechanism called Proof-of-Stake (PoS). In a PoS system, validators are randomly selected to validate new blocks of transactions. The probability of being selected as a validator is proportional to the amount of cryptocurrency that a validator holds.…