A Crypto wallet provides an essential utility for blockchain users, token traders, crypto gamers, and developers. Its most fundamental and important function is to store the user’s private keys A secure cryptocurrency wallet helps users manage private keys and make it much simpler to send, receive, and store bitcoins.

 

In the Future, crypto wallets will be the portal for all the digital asset activities as like the internet being a portal for the world’s news and information.

Think it as a crypto bond: Investors loan a certain amount of cryptocurrencies to the issuer for a fixed period of time. At the end of that period, the value of the bond is repaid. Investors also receive a pre-determined interest rate.

 

On a more technical term, staking is enabled by Proof of Stake (PoS) works. PoS is a consensus mechanism that allows blockchains to operate more energy-efficiently while maintaining a decent degree of decentralization.