Staking is a process that allows rewards to be earned by holders of a specific coin.
Staking derives from the PoS (Proof-of-stake) mechanism, used by a distributed blockchain network, where blockchain miners can mine or validate block transactions according to how many coins they have. The more coins they hold, the more mining power they have. Staking rewards are shared with users who own the cryptoassets and who delegate their voting rights to staking pools. The more validations that are delegated to a staking pool, the higher chance of being elected to produce the next block, and the more rewards likely to be received.