Tezos Explainer: Liquid Proof of Stake

Tezos uses a unique consensus mechanism called ‘Liquid Proof-of-Stake’ that enables token holders to participate in the network while always remaining control of their tokens. When Token holders delegate their tokens to bakers, they will receive a staking rewards from the baker, however, token holders transfer their voting rights for upcoming proposals. When delegating to a baker, token holders always have the freedom to switch bakers at anytime and have full ownership of their tokens at all times, thus always being ‘liquid.’

The source of information from the video is transcribed from Jacob Arluck’s article: https://medium.com/tezos/liquid-proof-of-stake-aec2f7ef1da7

(Visited 27 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

kusama
Kusama (KSM) 175,51 0,94%
compound-governance-token
Compound (COMP) 386,49 6,24%
dash
Dash (DASH) 133,72 0,15%
zcash
Zcash (ZEC) 98,06 0,76%
yearn-finance
yearn.finance (YFI) 27.262,02 0,63%
bitcoin
Bitcoin (BTC) 31.961,75 3,30%
ethereum
Ethereum (ETH) 2.210,92 0,13%
tether
Tether (USDT) 0,842851 0,46%
cardano
Cardano (ADA) 1,15 1,15%
xrp
XRP (XRP) 0,599484 1,58%
dogecoin
Dogecoin (DOGE) 0,165570 1,93%
polkadot
Polkadot (DOT) 15,48 1,10%
usd-coin
USD Coin (USDC) 0,842851 0,02%
uniswap
Uniswap (UNI) 19,20 1,52%
bitcoin-cash
Bitcoin Cash (BCH) 445,17 2,48%
chainlink
Chainlink (LINK) 19,44 5,46%
matic-network
Polygon (MATIC) 0,859708 2,86%
solana
Solana (SOL) 31,74 6,70%
litecoin
Litecoin (LTC) 116,30 2,60%
stellar
Stellar (XLM) 0,228806 1,76%
ethereum-classic
Ethereum Classic (ETC) 41,89 1,51%
eos
EOS (EOS) 3,38 1,86%
tron
TRON (TRX) 0,057268 1,84%
filecoin
Filecoin (FIL) 47,11 0,33%
aave
Aave (AAVE) 301,60 10,94%
monero
Monero (XMR) 203,93 4,24%
dai
Dai (DAI) 0,842851 0,29%
tezos
Tezos (XTZ) 2,65 1,42%
cosmos
Cosmos (ATOM) 10,70 0,51%
algorand
Algorand (ALGO) 0,697354 1,03%