Bitcoin and most cryptocurrencies have a Proof of Work for the transactions made on their Blockchain to be validated, with Bitcoin this is done through their miners, who are rewarded in Bitcoin. This proof of work is called POW (Proof) of Work)
Other cryptocurrencies like Tezos for example use another form of validation of these transactions called POS (Proof-of-Stake), which is given by the holders of the cryptocurrency Tezos for example in their wallet, so the holders of the cryptocurrency in question have decision power on the network.
But the important thing to know here is this: If you have a cryptocurrency that has this Stake mechanism, you can passively receive dividends in your wallet, as if it were a savings bank
I will demonstrate a very simple Stake, in one of the most well-known portfolios, TrustWallet.
If you don't have TrusWallet yet, download the App here for your smartphone https://trustwallet.com/
TrusWallet is a portfolio of Multiple Cryptocurrencies and Tokens, I really like to use it because it is very practical, I rarely find a cryptocurrency or token that cannot be stored in it.
1- After you create your portfolio, the following screen will appear below, in the example that I will demonstrate of how to make Stake I will choose Tezos, in my opinion one of the best to make Stake. Touch it.
2- Then the following screen will appear, where you can send and also find your deposit addresses for your XTZ (Tezos), but as this tutorial is about How to Stake, click on the 3 dots next to the Copy button
3 - The options Stake (Put in Stake) and UnStake (Remove from Stake) will appear, choose Stake.
4 - Now you will have to choose the amount you want to use to start your Stake, I usually choose the maximum
You will also be asked to choose a validator, there are countless but TrustWallet always recommends the most advantageous in terms of income for you, just click on the upper right button NEXT
5 - A small fee will be deducted to start your Stake and the transaction will be pending, depending on the token's blockchain it will be confirmed in a few minutes or hours.
Ready ! Now you are already making Stake and your cryptocurrencies will no longer be stuck in your wallet without paying anything and you will be building your wealth passively.
I hope I helped and stay with God
