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質押是什麼?加密貨幣也可以質押?方法、利率、風險解析

質押是什麼?加密貨幣也可以質押?方法、利率、風險解析

質押是什麼?加密貨幣也可以質押?方法、利率、風險解析

preamble

Blockchain mechanisms can be roughly divided into two broad categories:Proof of Work (PoW) versus Proof of Stake (PoS)。 I'm sure many people are no stranger to workload proofs — Bitcoin adopts this mechanism, where miners generate new blocks and earn rewards through massive amounts of computation to solve math puzzles.

IN ADDITION TO WORKLOAD PROOFING, THE CURRENT MAINSTREAM BLOCKCHAIN CONSENSUS MECHANISM INCLUDESProof of Interest。 Staking is one of the core concepts in the Proof-of-Equity operating model. This article will go into more detail about the definition, necessity, and various related operating models.

What is Staking?

Blockchain stakingIt refers to depositing your own cryptocurrency into a specific wallet or smart contract address, making it the node of that blockchain network, thereby supporting the proper functioning of the network. This approach not only helps enhance the security, stability and development of the blockchain, but also enables participants to gain revenue and governance participation.

Secured cryptocurrencies usually last for a period of timeLock-up Period, It is necessary to wait until a specific task is completed or the lock-in period has expired before the collection can be withdrawn.

with Ethereum 2.0 (Ethereum 2.0) For example, you need to wait for a period of time called the “lock-in period” after a deposit. The length of the lock-in period varies depending on the deposit amount, averaging about 6 days. The purpose of this design is to prevent malicious nodes in the network from launching attacks while motivating users to engage in network operations for a long time.

Why is it necessary to cast iron?

Blockchains need to ensure the security and decentralized characteristics of their overall operation through authentication and verification between nodes, and these nodes must participate in blockchain operations through staking.

Broadly speaking, blockchain staking has the following important features:

  • Maintaining Blockchain Security: Blockchain networks establish trust and security between nodes while effectively protecting against malicious attacks against nodes
  • Participating in Community Governance: Users gain voting rights and participate in blockchain decisions and governance by staking cryptocurrencies
  • Attract Node Participants: The revenue of the node usually comes from the Gas Fees that users pay on the blockchain

How do I participate in wagering? Centralized vs Decentralized Comparison

The deposit can be divided intoCentral chemical depositionversusDecentralized chemical depositionTwo ways:

  • Central chemical deposition: Depositing cryptocurrencies into centralized exchange platforms such as Binance, OKX, etc., for safekeeping and management by the platform
  • Decentralized chemical deposition: Deposits cryptocurrencies into decentralized smart contracts and wallet addresses that are automatically stored and operated by smart contracts

Here is a comparison of the advantages and disadvantages of the two types of deposition methods:

Comparison Item Centralized Staking Decentralized Staking
Advantages Easy to use (intuitive interface, user-friendly), lower capital requirements No need to trust a centralized platform, higher yields
Disadvantages Requires trust in the platform, a portion of rewards is taken by the platform Higher technical barrier, larger capital requirement (some networks require a minimum stake to run a node), risk of smart contract vulnerabilities

How is the wagering bonus calculated?

Wagering rewards vary due to different blockchain networks and staking methods. Reward calculation formulas are typically set by the blockchain network and related smart contracts, and are adjusted to incorporate the following factors:

  • Number of tokens deposited by validators
  • Long time for validators to keep depositing
  • Total Network-wide Stake Tokens
  • Inflation rate
  • Other Related Factors

withETHEREUM 2.0 For example, validators need at least quality staking 32 ETH To participate in block authentication. The calculation of staking rewards is adjusted based on factors such as total ETH deposits and inflation. In general, the annualized rate of return for staking rewards is usually between 5% to 15% In between, this will change with the increase in ET-denominated collateral and the rate of expansion.

What are the risks of staking?

Users may face the following risks when participating in escrow:

  • Market risk: The value of cryptocurrencies used to stake nodes will rise with the market when the price of cryptocurrencies fluctuates
  • Technical Risks: If there is a smart contract vulnerability or other technical issue on the staked blockchain, which may affect the security of the node's stakeholder's assets
  • Operational Risks: Risk of deposit failure due to improper human actions

epilogue

Blockchain staking is an important mechanism for maintaining a secure and stable blockchain ecosystem. Before participating in staking, users must be fully aware of the risks involved, in-depth study of market dynamics and staking techniques in order to make informed decisions.

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⚠️ Investing in virtual assets is subject to price volatility and liquidity risks. The foregoing is for reference only and does not constitute any financial advice. Assess your financial situation carefully before investing and watch out for scams.

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