What is Staking?
Staking is a process by which a blockchain network is cryptographically secured through the efforts of multiple independent parties, known as validators and stakers, who verify transactions made to the chain.
Validators lock up a certain amount of cryptocurrency in their crypto wallets as collateral, ensuring the network's integrity.
This process consumes almost no energy, making it an ecologically friendly alternative to older blockchain methods like crypto mining.
Many cryptocurrency exchanges and platforms within the Web3 ecosystem now offer staking options, enabling users to earn rewards by participating in this sustainable approach.
Many Respected Blockchains Use Staking Validators
Stake with The Itinerant
A validator is a participant in a blockchain network who completes complex equations to verify transactions and add new blocks. By locking up cryptocurrency in their crypto wallets, they ensure the network's security.
This process is vital for Web3 platforms and cryptocurrency exchanges, offering a more energy-efficient alternative to crypto mining.
How to get started
To get started, let’s take a look at how to sign up and fund your wallet on DeSo in just a matter of minutes!
"Validators play a crucial role in influencing the way networks develop and evolve; they should also be accountable for community engagement and participate in governance. It’s important to choose validators that can fulfill their responsibilities to the community."
- Figment.io
Frequently Asked Questions
Full details and developer documents about DESO's Revolution Proof of Stake can be found here.
Here is all the information published by the DESO Foundation about staking DESO and the requirements to run and manage a Validator.
Staking is the process of locking up cryptocurrency to support the security and operations of a blockchain network. Participants, called validators, validate transactions and add blocks to the blockchain, earning rewards in return. However, there are risks, including penalties for malicious behavior and potential liquidity limitations. Read more.
A validator is a blockchain participant responsible for verifying transactions and creating new blocks. They secure the network by staking cryptocurrency, ensuring honest behavior through financial incentives. Malicious actions can lead to penalties or loss of staked funds. Read more.
When choosing a validator, consider reputation, performance, fees, and security. Ensure transparency in fee structures and assess the validator’s commitment to the network and governance. Research their uptime history and check for community feedback. Read more.
The Itinerant has partnered with a trusted provider to manage and secure its validator. This validator stakes the $DESO held by The Itinerant’s digital asset company, 2c9v Digital, LLC, and its parent, 2c9 Ventures, LLC.
The Itinerant is supported financially by 2c9 Ventures and people like you. Learn more about 2c9 Ventures here.
We trust this partner with managing 2c9v Digital's staked DESO, and you can too.
@ Validator_TheItinerant is owned and operated by 2c9v Digital, LLC (a Wyoming trust).
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