How do I know if there is security and proper workflow on staked tokens?

Asked 2 years ago

I am aware of the staker's network and validators that ensure the validity of transactions. However, how reliable is this? I'm worried about the risk I will be taking by staking my crypto assets in a PoS blockchain network.

Proof of stake Staking defi Crypto Safety and security

Lyric Carson

Wednesday, August 10, 2022

The truth is that you can never be 100% confident that your assets are safe if you stake them on the blockchain. In rare cases, even staking them in the bank isn't a guarantee that they won't get lost. To make sure that your crypto is as safe as possible, always go with reliable platforms. Consider using Binance, Nexo, and Coinbase, as they have proven to be incredibly reliable and trustworthy through the 2022 bear market. 