Zilliqa Staking

Description: Zilliqa staking is the process by which holders of ZIL tokens actively participate in the Zilliqa network by holding their tokens in a specific wallet. This mechanism allows users to contribute to the security and operability of the network while earning rewards in the form of new ZIL tokens. Unlike other consensus models, such as Proof of Work (PoW), staking in Zilliqa is based on Proof of Stake (PoS), where the amount of tokens a user holds and decides to ‘lock’ in the network determines their ability to validate transactions and create new blocks. This approach not only encourages active community participation but also helps maintain the decentralization and security of the network. Users can choose to delegate their stake to a validator or become validators themselves, allowing them to take a more active role in the governance of the network. Zilliqa staking is an effective way to generate passive income, as users receive rewards proportional to the amount of ZIL they have staked, thereby incentivizing token retention and the stability of the Zilliqa ecosystem.

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