Are staked coins locked?

The concept of staking is rooted in the proof-of-stake consensus mechanism, which is an alternative to the traditional proof-of-work model. In proof-of-stake, token holders earn the right to participate in validating transactions and securing the network based on the number of tokens they stake.

BTCC, as a leading cryptocurrency exchange, offers comprehensive services tailored to meet the diverse needs of the crypto community. Among its offerings, BTCC provides a robust staking platform that allows users to securely stake their digital assets and earn rewards.

Through BTCC's staking services, users can easily access a wide range of cryptocurrencies supported by proof-of-stake blockchains. Whether it's spot trading, futures contracts, or managing a digital wallet, BTCC's comprehensive suite of services ensures that stakeholders have everything they need to optimize their crypto investments.

Crypto staking represents an innovative method for digital asset holders to generate passive income. By locking their tokens into a blockchain network, users essentially contribute to the security and stability of the network while simultaneously earning rewards.

These rewards typically come in the form of a percentage of the staked tokens, providing a tangible incentive for participation. This process not only benefits the individual stakeholder but also strengthens the overall ecosystem of the blockchain network.