ELI5 What’s the minimum amount of XTZ required to stake Tezos?
Is there a minimum amount of XTZ required to begin staking? A lot of new Tezos users ask this question because there certainly is a minimum amount of XTZ required to bake Tezos. tl;dr; No, there is no minimum amount of XTZ required to bake Tezos. To be precise, there is a minimum but it’s […]
A Jormungandr jcli Cryptonomicon – Staking Pool Commands and Stuff
In this article, we’ll take a look at jormungandr and ended up compiling notes, some commonly used commands and other stuff learned while researching how to run a Cardano staking pool. I’ve turned everything into this post so we could all copy and reuse from if needed. Ended up becoming a jormungandr cheat sheet of […]
ELI5 What is an adversarial Cardano staking pool?
If you’ve been following recent Cardano staking discussions then you’ve probably seen or heard the term adversarial staking pool. What does it mean, exactly, to be an adversarial staking pool? FROG lost our block tonight due to an adversarial quad fork (LION) 2 min before go time I’ve been up 22 hrs making sure we […]
ELI5 Proof of Stake (PoS) – How does PoS work?
In the cryptocurrency universe, Proof of Stake (PoS) is one of the most popular alternatives to the Proof of Work (PoW) family of consensus mechanisms. While PoW systems invest large amounts of energy to make sure transactions are legit, PoS does not require mining hardware. Proof of Stake “miners” (stakers) must lock a financial stake […]
Concepts In This Page
Passive Income refers to obtaining financial returns without requiring work by the investor. In cryptocurrencies, investors usually seek passive income by Staking, lending or via DeFi.
Proof of Stake
Proof of Stake is a consensus mechanism in which block verifiers prove their commitment to the network by staking their coins instead of by proving they performed some work (contrast with Proof of Work).
Staking is the process by which users delegate their Proof of Stake voting rights to a staking pool. The pool then verifies transactions on the users' behalf and, similarly to mining pools, share some of the profits back with the stakers.