Can someone explain the importance of staking on Moonbeam, what

Question

Moonbeam & Moonriver Official

X7

Can someone explain the importance of staking on Moonbeam, what

does it bring (other than rewards)?

#blockchain #cryptocurrency #english #moonbeam

0

01.06.2022

9 ответов

13 просмотров

X7 Автор вопроса

Decentralization has always been a foundational component of the Moonbeam and Moonriver networks, and that philosophy guided the design of Moonbeam’s custom staking pallet. A diverse set of block producers, called collators, secure the network and uphold the principles of censorship resistance and continuous uptime.

0

01.06.2022

X7 Автор вопроса

X7
Decentralization has always been a foundational co...

Is there more to it, or can someone explain this in bit normal language?

0

01.06.2022

X7 Автор вопроса

turrizt |NEVER DM YOU FIRST
This affects the stability of the network, as the ...

So the more GLMR is staked, to more stable the network is?

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01.06.2022

turrizt |NEVER DM YOU FIRST

X7
So the more GLMR is staked, to more stable the net...

We can say that, yes

0

01.06.2022

X7 Автор вопроса

What about safety? It's written "secure the network", or is that related to stability?

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01.06.2022

Michele | 🧊 Iceberg Nodes 🧊

X7
What about safety? It's written "secure the networ...

Just a note my friend, about Staking onchain via Official Moonbeam Dapp: Collators are Key, but also Delegators are fundamental part of the game. When you stake as delegator you are contributing to the wellness of the network, is a fact. Reason why using Cex is not the preferred way evwn if they seem to offer good conditions, indeed 😉💪

0

01.06.2022

X7 Автор вопроса

Hi Michelle, what do you mean with the wellness?

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01.06.2022

Michele | 🧊 Iceberg Nodes 🧊

X7
Hi Michelle, what do you mean with the wellness?

Robustness & Safety

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01.06.2022