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What Is Staking Non Technical
Can you explain the economics behind the concept of staking from a non technical point of view? Sure. Different staking mechanisms have different mechanisms but they do have some similarities which I’ll touch upon. The basis behind the blockchain as in bitcoin was that you secure the blocks by computing a certain number every 10 mins (called nonce). That is 10 min of high intensity computation. The security assumption is that if you are spending $100 of electricity in doing the computation, and getting rewarded something that is worth $101, it’s profitable to do those computation aka mining.
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What Is Staking Non Technical
Can you explain the economics behind the concept of staking from a non technical point of view? Sure. Different staking mechanisms have different mechanisms but they do have some similarities which I’ll touch upon. The basis behind the blockchain as in bitcoin was that you secure the blocks by computing a certain number every 10 mins (called nonce). That is 10 min of high intensity computation. The security assumption is that if you are spending $100 of electricity in doing the computation, and getting rewarded something that is worth $101, it’s profitable to do those computation aka mining.
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https://blog.questbook.xyz/posts/what-is-staking-non-technicalWhat Is Staking Non Technical
Can you explain the economics behind the concept of staking from a non technical point of view? Sure. Different staking mechanisms have different mechanisms but they do have some similarities which I’ll touch upon. The basis behind the blockchain as in bitcoin was that you secure the blocks by computing a certain number every 10 mins (called nonce). That is 10 min of high intensity computation. The security assumption is that if you are spending $100 of electricity in doing the computation, and getting rewarded something that is worth $101, it’s profitable to do those computation aka mining.
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