Stratis is a Blockchain-as-a-service Platform.
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- How to Stake STRAX?
Staking is essential to the Proof of Stake consensus mechanism used on the STRAX Blockchain. Blocks are verified and mined by network participants who are willing to set aside a portion of their tokens, effectively freezing them so they cannot be spent. In return, these participants are granted the right to verify transactions and earn bonuses paid in tokens. The larger the number of tokens a participant is willing to stake, the greater the chance they will be selected to mine the next block and earn the associated reward.
- How much can I earn Staking STRAX?
There are three options that we have identified for STRAX, Coldstaking with Provider, running a Block Producer Node, and running a Sidechain Masternode.
Check out the Stratis Staking Rewards Calculator to estimate your staking rewards for STRAX.
- Any risk to Staking STRAX?
While tokens are being staked, they are frozen in a wallet. If the wallet is connected to the blockchain network, it is referred to as a hot wallet. Such an arrangement incurs a level of risk as the wallet is effectively exposed to the internet and therefore susceptible to attack.
Cold Staking is inherently safer than staking in a hot wallet since tokens are not susceptible to online attacks while held in an offline wallet.
When running a Block Producer Node or a Sidechain Masternode – Your only risk of your infrastructure setup being compromised.