The staking of digital currencies has become a prevalent practice in the cryptocurrency industry, seeing as it is being done virtually by all digital systems, as a way of delivering more benefits to its users.
The entire staking process is very easy, since it entails simple steps for users to join and start earning from it. Users who wish to participate in staking of digital assets on a particular system simply have to deposit and lock-in their asset into the system's smart contract, and then start earning the staking rewards from the system.
Staking duration largely depends on the structure of staking adopted by the system, as some of them allow its participants to unstake their assets and withdraw their earnings only at the end of the stipulated staking period, while others support unstaking and withdrawal anytime.
Whichever one it is, staking was developed to help improve the quality of services delivered to the users of a sysw, making sure that great values are transferred to them.
The reason behind the surge in staking systems is due to the fact that it offers its participants, an opportunity to earn a form of passive income, without stress, simply by locking-in their assets for a period of time. By so doing, users of these staking systems have access to great wealth, even without having to do much work, rather they have their funds work for them.
To the users of the Cartesi platform, there is great news because Cartesi just launched its reserve mining and staking.
CARTESI RESERVE MINING AND STAKING UNVEILED
Cartesi system is a decentralized platform which has been developed as the operating system for Decentralized applications, which facilitates the creation of fully functional and scalable Dapps.
It uses the Linux operating system and Blockchain technology, as well as other software stacks, to provide developers with the development tools which they need to create intriguing Dapps, with ease.
Cartesi makes it possible for very complex computations to run off-chain, and still retain the on-chain security and decentralizaton, offered by the Blockchain.
The Cartesi Reserve Mining and Staking was introduced into the Cartesi Dapps system to give users the opportunity of earning the CTSI token as reward and at the same time acquire the scalability and security it needs to function effectively.
It has allocated about 25% of the total supply of CTSI which will be released in batches, for the Reserve Mining, unlocking unlimited rewards to its users.
HOW CARTESI RESERVE MINING AND STAKING WORKS
This is done by giving the participants, ability to run network nodes on the system, and in return, get rewarded if they are chosen as the block producers.
All they have to do is stake their CTSI on the system and then wait for just a day, as the maturation period, after which they become node runners on the network, who are eligible to produce blocks and earn rewards once selected.
The selection process of this block producer is done transparently and largely depends on the amount of assets staked by the user, on the system, and they are selected randomly in a reliable way, so as to reduce cost and guarantee security.
CONCLUSION
This Reserve Mining and Staking made available for the Cartesi users gives them the opportunity to benefit more from the system, aside from the reliable development infrastructure it provides.
Users can now contribute to the growth and development of the system and then earn CTSI in return for their contributions.