Benefits of Supporting Core’s Aspirations Through Staking

by BSC News

January 6, 2023


Staking provides many benefits and actively affirms that Web3 deserves a secure, scalable, decentralized future.

Why Stake on Core DAO?

With mainnet launch imminent, the Core DAO team has published the importance of staking as a clear way of supporting the protocol’s aspirations in creating the first chain powered by the Satoshi Plus ecosystem.

Core DAO uncovered the importance of staking in an official Medium publication on January 5th. The blog explained the staking mechanism and the synthesis between Proof of Work (PoW) and Proof of Stake (PoS). Furthermore, Core DAO disclosed the benefits that stakers stand to gain from the Satoshi plus consensus.

“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.

Staking on Core DAO has many benefits for the community. While mainnet is fast approaching, it is the best way to promote Core DAO’s long-term success to ensure a scalable, secure, and decentralized Web3 consensus.

Read the Core DAO Medium publication to learn more about the benefits and importance of staking to the network’s development.

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.

Where to find Core DAO:

Website | Docs | Twitter | Discord