Staking involves locking up your cryptocurrency to participate in the activities of a blockchain network. The process may differ depending on the blockchain, but here's how it typically works:
1. Selection of validators: In PoS blockchains, validators are chosen based on a combination of factors, including the number of coins staked, the length of time they’ve been staked, and sometimes random selection.
2. Validation of transactions: Once selected, the validator is responsible for checking and validating transactions, ensuring they are legitimate.
3. Block creation: The validated transactions are grouped into a block, which is then added to the blockchain, which is essentially a distributed ledger.
4. Rewards: As a reward for their work, validators earn a portion of the transaction fees and, in some cases, new cryptocurrency coins.
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