Newcomers to Binance come across a number of terms and have difficulty understanding them. Just like me. That is why I will devote a large space to explaining these terms in my blog. Let's see what is Solo-staking?
Solo-staking is staking cryptocurrency independently, without intermediaries. The user launches his own node and confirms transactions on the network, creating new blocks. For example, to become a validator on the Ethereum network, a minimum of 32 ETH is required.
Advantages:
Full control over funds.
No commission is paid to intermediaries.
Risks:
Technical difficulties (hardware and software required).
Penalties for errors (slashing).
