A Few Words About Staking
In a PoS system, a blockchain appends and agrees on new blocks through a process where anyone who holds tokens of that blockchain can participate. The influence an agent has is proportional to the number of coins (or ‘stake’) it holds. This is a vastly more efficient alternative to PoW ‘mining’ and enables blockchains to operate without mining’s high hardware and electricity costs.
A DPos (Delegated Proof of Stake) or LPoS (Liquid Proof of Stake) allows token holders to delegate their validation rights to other token holders (validator) without transferring ownership to them.
Our nodes participate in the distributed consensus. The rewards made by Swiss Staking is directly distributed to the delegator's wallet. We currently provide staking services on the Tezos and Cosmos mainnet. Ethereum 2.0 and Polkadot will be added as soon as their mainnets will go live.
We validatate with our own physical hardware and HSM (Ledger). Swiss Staking takes full responsibility for downtime slashing. In such a case we refund our delegators with the amount of the slashed tokens.
By delegating, you only delegate your staking rights of your coins to us as a validator. You never hand over your private keys - you always have full control over your coins and benefit from the inflation of the block rewards.
"Vires in Numeris!"
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GillesIT System Engineer since 7 years
SébastianIT System Engineer since 13 years
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