/biz/ - Business & Finance

[Anonymous No.16178210]

this is my first experience w staking. this shit is going to change crypto. when Ether and Link release staking on Coinbase they will explode

[Anonymous No.16178234]

>>16178210
Ok dude
We get it dude
Buy high sell low dude

[Anonymous No.16178251]

>>16178210
You’re correct
Positive vibes only!

[Anonymous No.16178261]

>>16178234
>>16178251
Haha

[Anonymous No.16178324]

I still dont grasp staking, can some one simply put it

[Anonymous No.16178343]

>>16178324
When the minimum balance is met, a node deposits that amount of cryptocurrency into the network as a stake (similar to a security deposit)
The size of a stake is directly proportional to the chances of that node being chosen to forge the next block
If the node successfully creates a block, the validator receives a reward, similar to how a miner is rewarded in proof-of-work chains
Validators lose part of their stake if they double-sign or attempt to attack the network

[Anonymous No.16178347]

>>16178324
Also the quicker blocks are made (the more stakers there are) the higher the staking interest rate is annually. currently for tezos it's 5.6% approx

[Anonymous No.16178355]

>>16178324
if you want to put it simply... buy tezos on coinbase and turn on "staking". you'll earn interest at 5.6% in real time

[Anonymous No.16178553]

I can wait to get my first stake rewards 30 - 40 days from now, then be rewarded every 3 days there after.