Blockchain Glossary

Staking Pool

staking pool cryptocurrency

August 28th, 2021   |   Updated on March 9th, 2022

A staking pool allows multiple stakeholders (or bag holders) to combine their computational resources as a way to increase their chances of being rewarded.

In other words, they unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards.