The operation of the Proof of Stake protocol is quite particular. This system seeks to encourage participants to have a certain amount of coins at all times. The possession of coins allows them to be chosen by the random selection process that is carried out to designate tasks. Under this scheme, those who have more reserves, have greater weight in the network and greater opportunities to be elected. Once chosen they can validate transactions and create new blocks within the network. Allowing them to receive earnings and incentives for the work done.
We charge a fee, a small part of the profits generated by the node, which is usually around 5-10%. Maintaining a secure and reliable network has high costs, and we make sure everything works properly.
Proof of Stake was presented for the first time in the Bitcointalk forum in 2011. At that time it was established as an alternative to the PoW model, to make quick validations of transactions and achieve a distributed consensus among the nodes of the cryptocurrency network. All this, due to the need to have a protocol that provides greater scalability to the prevailing model in Bitcoin and, with the idea of reducing electricity consumption, characteristic of the Proof of Work (PoW) used by this network. The complexity of the operations performed by the validator nodes within a PoS are less complex. This results in greater speed when validating the information blocks that are added to the blockchain. But also in a considerable reduction in the consumption of electrical energy necessary to carry out this work.
More than 1 year as validators in Solana, we have our servers monitored to obtain the maximum performance!
8% - 10%
We are one of the first collators in the moonbeam project, in the future we will join the moonriver network as validators. Stay tuned!Nominate in polkadot.js
We are currently in the testnet phase since the beginning of the kira network. We hope to validate soon on the mainnet launch!coming soon!
Existing internet protocols leak sensitive data at both network and application levels – Nym is developing the infrastructure to prevent this data leakage by protecting every packet’s metadata at the network layerDELEGATO TO:
polkadex is a platform that seeks to take the best parts of centralized and decentralized exchange platforms, and wrap them in a holistic solution that preserves self-sovereignty of funds and security while providing an intuitive trading experience.
VELAS (VLX) is a decentralized product ecosystem that allows you to experience the benefits of blockchain technology!Delegate to:
With more than 3 years of experience, we are dedicated to researching projects, as well as choosing the best projects in blockchain. and having participated in all the test networks previously from the beginning.
We work on several testnets before their releases, thus testing their software and the difficulty in them. We work with high performance teams to obtain the best uptime. We have a high response time to any equipment failure, monitoring the equipment 24/7/365 to avoid any errors.
At GPvalidator we focus on the blockchain world and bet big on the future.
We have several points on why you should delegate us.
· We have our validators monitored 24 hours a day
· You can contact us at our discord GP | validator#2075
·All our validators are in powerful infrastructures
------------ coming soon ----------
· We are studying and plan to reduce fees at certain times of the year.
what is the blockchain?
Blockchain seems complicated, and it definitely can be, but its core concept is really quite simple. A blockchain is a type of database. To be able to understand blockchain, it helps to first understand what a database actually is.
A database is a collection of information that is stored electronically on a computer system. Information, or data, in databases is typically structured in table format to allow for easier searching and filtering for specific information. What is the difference between someone using a spreadsheet to store information rather than a database?
Spreadsheets are designed for one person, or a small group of people, to store and access limited amounts of information. In contrast, a database is designed to house significantly larger amounts of information that can be accessed, filtered, and manipulated quickly and easily by any number of users at once.
Large databases achieve this by housing data on servers that are made of powerful computers. These servers can sometimes be built using hundreds or thousands of computers in order to have the computational power and storage capacity necessary for many users to access the database simultaneously. While a spreadsheet or database may be accessible to any number of people, it is often owned by a business and managed by an appointed individual that has complete control over how it works and the data within it.