Avoid punishments by slashing and token locks, continues to offer the lowest costs for Node-Runner in the Web3 industry with real-time reward payments
Staking rewards have arrived on the Algorand Blockchain. The Algorand Foundation Today announced that after the update of the consensus mechanism, “block rewards” will now be paid out in real time on validators that successfully propose blocks for the layer 1 blockchain. Block by 1 %. here.
Algorand’s staking program is unique in the industry. The rewards are paid out in real time, and in contrast to the staking systems on Solana, Ethereum and other chains, the participants are neither threatened by Slashing nor are they subject to restrictive token lockups. Node-Runner still has full access to their funds at any time. In addition, Algorand’s staking rewards are not inflationary compared to other popular currencies such as ETH and SOL and have no influence on Algo’s total stock.
“Staking on Algorand is highly inclusive, but also very safe,” said John Woods, Technology Director of Algorand Foundation. “Algorand uses advanced cryptography that makes it unnecessary to expose us to the risk of punishments or losses – their algo must are not delegated to other parties or kept under closure to secure the network. “
“Every time we interact with a blockchain – be it via a DAPP or a corporate platform – this action is made possible by the network,” says Staci Warten, Managing Director of the Algorand Foundation. “Secure the nodes of the Algorand Blockchain Delivery chains of online access data and digital identities. Give the fork of the Algorand blockchain.
There are several ways to participate in securing the network and earn staking premiums. Liquid Staking is available for Defi users at Folks Finance, Tinyman, Messina and Compx; There is a consensus-staking pool on PACT, more stacking pools are available on Réti; And Delegated Staking is available at Valar. ALGO-Staking will also be available on other central stock exchanges over the course of this year. The users can too Your own Algorand-Node operate.
The introduction of staking rewards marks the end a successful year For the sustainable Algorand blockchain, including:
- In July the brand was reached of two billion transactions, which largely on the growing number of transactions Large projects and partners how World Chess and the increasing defi and tradfi activity can be attributed.
- A clear increase in the number of developers, laut Electric Capital.
- The migration of several start-ups and companies from blockchains such as Ethereum to Algorand, such as. B. Finboot and Ztlment, on the grounds that the development of blockchain products 600 % faster on Algorand than on Ethereum/EVM blockchains.
Information on the Algorand Foundation Algorand’s mission is to create a world in which information is integrated and innovative ideas can be scaled. The Algorand Foundation supports the rapidly growing algorand ecosystem by providing a first -class developer environment, supporting key infrastructure and sets technical standards, offers developers and entrepreneurs extensive support and creates the framework for a decentralized administration.
The Algorand (Algo) blockchain introduced in 2019 has developed into a lively ecosystem for developers, entrepreneurs and corporate partners who benefit from security and resilience at institutional level. The low fees, immediate final and the minimum CO2 footprint address millions of retail users, and developers of all kinds appreciate the opportunity to use common programming languages such as Python. Developers on Algorand create protocols and companies that solve important problems at a global level: immediate payments in war and disaster areas, self-determined identity for disenfranchised, traceability of the supply chain for global trade, permission-free protocols for financial integration and the creation of completely new markets through tokenization, To name just a few. To learn more and start your trip on Algorand, visit algorand.co
Information about Algorand (Algo) Algorand (SOMETHING, Something-Usd) is a cryptocurrency that was introduced as part of the Algorand blockchain in 2019. The algorand blockchain is an energy-efficient, quantity-proof, single layer blockchain with immediate final, consistently high throughput and low fees. Algorand (ALGO) is currently trading at more than 400 active markets under the tickers Algo, Algo-USD, ALGO/USD, ALGO-EUR and ALGO/EUR as well as other currency pairs. There is a limited, deflationary range of 10,000,000,000 ALGO, which will be completely in circulation by 2030. You can find more information at algorand.co.
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