Become a Validator
Validator nodes are pivotal elements within Jumbo Blockchain's Proof of Nexus (PoN) consensus mechanism, instrumental in the validation of transactions and the proposal of new blocks for incorporation into the blockchain. These nodes undertake the critical responsibility of ensuring transaction adherence to network regulations, actively participating in the consensus mechanism, and upholding network integrity. Validator nodes are rewarded for their contributions with transaction fees or block rewards, bolstering network security and decentralization. PoN blockchain network employs a system of periodic selection and rotation of validator nodes to prevent centralization and foster inclusivity and diversity.
What is Staking?
Staking is holding onto tokens in a blockchain wallet to support the operation of a blockchain ecosystem. By staking their assets, users can earn rewards from newly minted tokens or a portion of transaction fees.
Earn Rewards
Reward on staking is one of the best ways to earn passive income. You can earn rewards for running software that validate the transactions into new blocks and keep watch on the actions of other validators, as it is essential for the chain's security.
Better Security
Staking makes the network safer. When you stake your tokens, you help keep the network secure by verifying transactions and adding blocks to the blockchain. In turn, this makes it harder for malicious parties to get into the network and makes it safer.
More Sustainable
Staking, through reducing energy usage, can assist in boosting the sustainability of blockchain networks by lowering their carbon footprint and minimizing their environmental impact.
© Jumbo Blockchain 2024 All Rights Reserved