In part 2 of the QURAS staking series, we will introduce staking with Consensus Node Operation.
Consensus node operation staking
When talking about staking in the blockchain community, we often refer to the staking of consensus node operation.
A consensus node processes transactions on the blockchain and maintains a transaction history to support the transaction network.
In order to become a consensus node, a certain commitment to the blockchain is required. In the case of Bitcoin, you need to commit yourself in the form of mining with computer equipment yourself.
On the other hand, in recent blockchains, the mechanism of staking coins to become a consensus node has become mainstream. By becoming a consensus node, you will be able to earn commission income.
Earlier, building a consensus node required specific knowledge, and it took more time and effort. However, recently, there are several services that enable us to create consensus nodes with a couple of clicks. This means that anyone can easily participate in the staking of consensus node operation.
The QURAS blockchain also has a mechanism that allows you to earn commissions by staking XQC and operating consensus nodes. By using this mechanism, it becomes possible to receive QURAS GAS coins (XQG) as a commission obtained by consensus nodes.
Details on how to build a QURAS consensus node will be published in a technical whitepaper that should be released in the near future.
In staking, the more XQC you stake, the more XQG you can get.
Staking will be available from QURAS main net operation. In addition, QURAS will start developing a new staking methodology called “Transaction Fee Staking” in the second quarter of 2020.