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Forging is an alternative method of mining cryptocurrency, carried out without the need for computational processes. Stake is what determines who among the participants would get the reward for block opening. Stake is the participant's share in the total number of coins mined.

How forging works

Forging is not mining in its essence: this is an investment that is carried out directly in cryptocurrency. It can be said that forger buys part of the shares (cryptomonet network) from the blockchain itself. Forgers have to master as many coins as possible to increase the share and, accordingly, profitability — while they are not required to provide computing power.

The receipt of new coins occurs due to the retention of previously mined or purchased coins on your account. The creator of the new block is selected by the system automatically based on the steak indicator, that is, the number of cryptocurrency units available on the electronic wallet.