Definition ∞ A Staking Service allows cryptocurrency holders to delegate their digital assets to a third party, which then operates a validator node on a Proof-of-Stake blockchain. In return for contributing to network security and consensus, users earn staking rewards. These services simplify the technical requirements of staking, making it accessible to a wider audience. They often charge a fee for their operational management.
Context ∞ Crypto news frequently discusses the rise and regulation of staking services, particularly concerning their role in centralizing staking power and the associated risks. Regulatory bodies are increasingly scrutinizing these services for potential securities law implications. Understanding staking services is crucial for comprehending how many users participate in Proof-of-Stake networks and the evolving regulatory landscape surrounding these offerings.
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