The Core DAO team has made staking a priority in light of the impending mainnet launch as a clear means to support the protocol’s goals of building the first chain supported by the Satoshi Plus ecosystem.
On January 5th, Core DAO revealed the value of staking in an official Medium article. The blog discussed the staking mechanism and how Proof of Work (PoW) and Proof of Stake work together (PoS). The advantages that stakeholders stand to gain from the Satoshi plus consensus were also announced by Core DAO.
“Given the importance of staking to the network’s overall health, stakers receive the chance to earn CORE token rewards. When stakers delegate to a validator that succeeds in verifying transactions, they participate in the work required to operate the chain and consequently receive part of that validator’s CORE rewards. Once stake is delegated, no additional work is needed. Put simply, the network is better secured and the stakers are the beneficiaries,” the blog read.
The community gains various advantages from staking on Core DAO. While the mainnet is quickly approaching, promoting Core DAO’s long-term success is the greatest method to guarantee a scalable, secure, and decentralized Web3 consensus.
What is Core DAO?
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.