5.0%
Annual percentage rate (APR)
7.0% GenZ Staking fee
The power of blockchain technology for transforming technical infrastructures and systems worldwide has become clearly evident in recent times. However, the environmental impact of blockchain networks caused some controversy regarding the energy efficiency of Proof of Work or PoW-based blockchains. Therefore, Proof of Stake or PoS blockchains emerged as a viable solution. What is a delegated proof of stake for blockchain networks?
With a Proof of Stake consensus algorithm already in place, it is reasonable to wonder about the necessity of DPoS consensus mechanism. The delegated PoS consensus protocol comes with the advantage of helping users spend coins for different delegates. After selection, the delegates can implement critical decisions for the whole network. The following discussion offers you an introductory guide on delegated proof of stake algorithm and how it works.
Some time staking wiht coins are so hard and you have to use CLI commands. With GenZ Staking Dashboard you can stake as easy as connecting your MetaMaks to a web site.