In Nebeus, both on-chain and off-chain staking options are available for users who wish to participate in staking programs. Here's an explanation of on-chain and off-chain staking:
On-Chain Staking: On-chain staking refers to the process of staking your cryptocurrencies directly on the blockchain network itself. When you choose to participate in on-chain staking, you retain full control over your staked assets, and the staking process is executed on the specific blockchain network where the cryptocurrency operates. Nebeus facilitates on-chain staking by connecting with the respective blockchain networks and allowing users to stake their assets securely.
Off-Chain Staking: Off-chain staking, also known as centralized staking or pooled staking, is a staking method where users delegate their staking rights to a trusted third party or platform, such as Nebeus. In off-chain staking, the platform combines the staking power of multiple users and stakes the pooled assets on the blockchain network on behalf of the participants. Nebeus manages the staking process and distributes the staking rewards earned among the participants based on their stake.
It's important to note that the availability of on-chain and off-chain staking options may vary depending on the specific cryptocurrencies supported by Nebeus and the staking programs they offer. To determine whether on-chain or off-chain staking is available for a particular cryptocurrency on Nebeus, it's recommended to refer to your Nebeus account, the staking section, or contact Nebeus customer support for the most accurate and up-to-date information.
Please remember that staking involves certain risks, and it's essential to carefully review the terms and conditions, including any associated fees, before participating in any staking program.