What is Binance ETH Staking?

ETH Staking on Binance is a service that allows users to stake their Ethereum (ETH) tokens to support the Ethereum network’s operations. By staking ETH, users contribute to the network’s security and efficiency, playing a vital role in its Proof-of-Stake (PoS) consensus mechanism. Unlike Proof-of-Work (PoW), where miners solve complex mathematical problems, PoS relies on users staking their ETH to validate transactions and create new blocks. In return for their contribution, stakers receive rewards in the form of additional ETH.