Baking

By: WEEX|2024/10/11 10:59:39
0
Share
copy

In the context of the Tezos blockchain, baking refers to the process of validating transactions and securing the network. Bakers are similar to miners in proof-of-work systems, but instead of using computing power, they use a proof-of-stake mechanism. Bakers are selected to validate blocks based on the number of XTZ tokens they hold and have staked. In return, they receive rewards in XTZ. Baking helps maintain the integrity of the network while offering an incentive to those who participate in securing it.

You may also like

Introducing DeepNode: Complete Guide to $DN and Airdrop Opportunities

DeepNode (DN) is a decentralized AI infrastructure network that empowers developers, validators, miners, and enterprises to collaboratively build, deploy, and monetize real-world AI models with full ownership and verifiable rewards. Backed by $5M in funding, DeepNode introduces Proof-of-Work-Relevance (PoWR) consensus to reward actual utility over speculation. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 $DN airdrop until Jan.16 2026!

Introducing Silver: Your Essential Guide to Trading Silver on WEEX

Silver remains a timeless asset for diversification, industrial demand, and inflation hedging. On WEEX, explore two powerful ways to gain exposure: XAG-USDT for direct spot price tracking and SLVON-USDT—Ondo Finance's tokenized version of the iShares Silver Trust (SLV). Discover the differences, benefits, and simple steps to start trading silver seamlessly on a trusted platform.

ZenChain (ZTC) Coin Price Prediction & Forecasts for January 2026: Navigating the Post-Launch Dip After a 47% Drop

ZenChain (ZTC) Coin has made waves in the crypto space since its launch on January 7, 2026, as…

What is Dexter AI (DEXTER) Coin?

Dexter AI (DEXTER) coin, a part of Dexter’s advanced technology platform, recently debuted on WEEX, commencing trading on…

rainbowfish (FISH) Coin Price Prediction & Forecast for January 2026 – Surging 150% Post-Launch?

rainbowfish (FISH) Coin burst onto the Solana scene just days ago on January 5, 2026, riding a wave…

CodexField (CODEX) Coin Price Prediction & Forecasts for January 2026: Surging 20% – Can It Maintain Momentum?

As a fresh entrant in the crypto space, CodexField (CODEX) Coin has quickly grabbed attention since its launch…

Popular coins