Aptos Launches New Delegated Staking To Attract More Validators Joining Staking

Key Points:

• Aptos has introduced new delegated staking.
• The delegated staking option is simple to use and makes the service more accessible to users in general.
• Users will now just only 11 APT to stake their tokens on the blockchain.

Aptos Foundation has introduced a new feature called delegated staking to make staking more accessible and user-friendly. Users may now outsource their staking authority to a trustworthy network validator and then receive rewards as individuals.

Delegated staking is a new product that enables users to receive staking rewards without operating nodes themselves. Aptos has also reduced the minimum staking requirement for Aptos delegated staking users to 11 APT.

Aptos now enables many wallets to stake APT collectively on a trusted validator node, removing the requirement for individual wallets to achieve the 1M APT barrier. Also, the minimum staking requirement for Aptos delegated staking users has been reduced to 11 APT. Aptos said that any wallet with the minimum stake amount may now participate to the aggregate staking total.

Staking is a network service in which users place their tokens in a specialized smart contract to support the operations of a proof-of-stake (PoS) protocol. Investors are often compensated for locking their tokens via fees paid by platform users.

Staking has been seen as a legitimate investing method; nevertheless, there have been significant regulatory disagreements around it since the SEC clamped down on the Kraken exchange earlier this year.

According to the protocol, its service helps users by allowing them to make money without having to bear the burden of running nodes. Users may utilize delegated staking to have a trustworthy validator stake their coins for them. Token holders benefit from locking up their cryptocurrency for defined periods of time without the requirement for specific hardware or paying a charge to execute code to validate blockchain transactions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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