Clarification of delegating and staking #466
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timothymcmackin
requested review from
NicNomadic
and removed request for
a team
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Closing in favor of #463. |
NicNomadic
reviewed
Nov 15, 2024
| @@ -20,11 +20,11 @@ Anyone who holds XTZ — the chain's native token — can propose changes to how | |||
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| ## Tezos uses proof of stake | |||
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| The proof-of-stake consensus model eliminates the need for high energy use, making it the "green" choice for blockchains. Instead of competing to achieve consensus as in proof-of-work models, Tezos nodes (called *bakers*) stake Tezos tokens to earn the right to create blocks and receive rewards. Users who want to participate without running a node themselves can delegate tokens to a baker for a share of the rewards. The bakers keep control of their tokens in that they can unstake them later; and delegators keep complete control of their tokens. Tezos's approach to consensus has been described as [Liquid Proof of Stake](https://medium.com/tezos/liquid-proof-of-stake-aec2f7ef1da7). | |||
| The proof-of-stake consensus model eliminates the need for high energy use, making it the "green" choice for blockchains. Instead of competing to achieve consensus as in proof-of-work models, Tezos nodes (called *bakers*) stake Tezos tokens to earn the right to create blocks and receive rewards. Users who want to participate without running a node themselves can delegate and stake tokens to a baker for a share of the rewards. The bakers keep control of their tokens in that they can unstake them later; and delegators keep complete control of their tokens. Tezos's approach to consensus has been described as [Liquid Proof of Stake](https://medium.com/tezos/liquid-proof-of-stake-aec2f7ef1da7). | |||
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What happens to these changes after the PR has been closed, will they be redone in another PR?
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Preview: https://docs-staging-git-staking-delegating-trili-tech.vercel.app/architecture/stakers