![]() ![]() Most people will fall into the latter category. This means that you can either take the technical, complex route and stake directly as a validator with a node running 24/7-or you can take the simple road and nominate another validator, in which case you’re the nominator. It's important to note that the Polkadot blockchain uses a Nominated Proof-of-Stake (NPoS) consensus algorithm. Polkadot staking is the process by which you can submit DOT tokens in a bid to serve as a validator and get rewarded. The more nodes available, the more decentralized the network is, limiting the chances of successful attacks on the blockchain. Like many other PoS blockchains, Polkadot requires nodes to validate transactions. We are going to take a deeper look at the relevance of staking Polkadot (DOR), the rewards for those who stake, and how to go about it. PoS provides an opportunity for users to participate in staking, an activity that benefits them, and the blockchain as whole. This makes it not only more affordable, but also environmentally-friendly. Polkadot uses a proof-of-stake (PoS) consensus algorithm, which enables more transactions per second and requires less infrastructure compared to proof-of-work (PoW) blockchains like Bitcoin or Ethereum. Instead, Polkadot's primary focus is to facilitate communication between typically siloed blockchains-in other words, to become the Internet of Blockchains. Since 2016, Polkadot has managed to cement its place in the smart contract platform space as more than just another attempt to create an Ethereum killer.
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