Live Staking On Aleph Zero Mainnet Begun

The Aleph Zero staking is now working on the testnet with the TZERO coins—the testnet version of the native AZERO. This doesn’t mean that you can stake your AZERO just yet. The objective of launching staking on the testnet is to bulletproof it within the next several weeks before it’s launched on the mainnet.

To stake your AZERO in a responsible fashion, you will need to understand several concepts—namely what it means to be a validator, what’s the role of nominators, how the staking rewards are distributed, what does slashing mean, and what role inflation plays in the Aleph Zero network.

Staking being live on the testnet is a part of a major testnet update that has been implemented today.

Aleph Zero Validators

To become a validator on the Aleph Zero network, prospective validators will need to stake a minimum of 25,000 AZERO and meet the hardware requirements. However, these conditions may be subject to change; these will be infrequent and communicated in advance. Our goal is to decentralize this process as soon as possible and allow the community to decide on the necessary minimal stake. Please treat the above as the initial starting suggestion.

Source: https://thebittimes.com/live-staking-on-aleph-zero-mainnet-begun-tbt13883.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com