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Leased proof-of-stake (LPoS)

Leased proof-of-stake (LPoS)

Version of proof-of-stake consensus used on the Waves platform which allows token holders to "lease" their tokens to full nodes and earn a percentage of the payout as a reward.

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Edits on 1 Sep, 2020
Dawson Sewell
Dawson Sewell edited on 1 Sep, 2020
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Dawson Sewell
Dawson Sewell edited on 1 Sep, 2020
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Edits on 17 Oct, 2019
Daniel Frumkin"Added to article to surpass 1000 characters"
Daniel Frumkin edited on 17 Oct, 2019
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Leased proof-of-stake is a version of a proof-of-stake consensus mechanism that's used on the Waves platform which allows token holders to "lease" their tokens to full nodes and earn a percentage of the payout as a reward. On a regular proof-of-stake platform, each node is able to add a new block to the blockchain. In a Leased Proof-of-Stake environment, users can choose between running a full node or leasing their stake to a full node with receiving rewards. This system allows anyone to participate in the Waves network maintenance.

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In a Leased Proof-of-Stake environment, users can choose between running a full node or leasing their stake to a full node with receiving rewards. This system allows anyone to participate in the Waves network maintenance.

On the Waves Leased proof-of-state platform, node operators can utilize a different person's mining power to generate new blocks without the need to send any WAVES, meaning coins don't leave the leaser's wallet. There is always the option to stop leasing by placing a cancel lease transaction. Screening for an appropriate node operator is up to the user leasing. On the Waves platform, for example, there is a minimum balance that is required to be reached to operate a node (1000 WAVES). Also, rewards are given to the leaser as more transactions are made on the network.

Edits on 22 Feb, 2019
Dawson Sewell
Dawson Sewell approved a suggestion from Golden's AI on 22 Feb, 2019
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Leased proof-of-stake is a version of a proof-of-stake consensus mechanism that's used on the WavesWaves platform which allows token holders to "lease" their tokens to full nodes and earn a percentage of the payout as a reward.

Edits on 8 Feb, 2019
Daniel Frumkin"Created page, added image, description, article, and related topics"
Daniel Frumkin edited on 8 Feb, 2019
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Leased proof-of-stake (LPoS)

Version of proof-of-stake consensus used on the Waves platform which allows token holders to "lease" their tokens to full nodes and earn a percentage of the payout as a reward.

Article

Leased proof-of-stake is a version of a proof-of-stake consensus mechanism that's used on the Waves platform which allows token holders to "lease" their tokens to full nodes and earn a percentage of the payout as a reward.

In a Leased Proof-of-Stake environment, users can choose between running a full node or leasing their stake to a full node with receiving rewards. This system allows anyone to participate in the Waves network maintenance.

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Leased Proof of Stake (LPoS) · GitBook

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Daniel Frumkin"Initial topic creation"
Daniel Frumkin created this topic on 8 Feb, 2019
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 Leased proof-of-stake (LPoS)

Version of proof-of-stake consensus used on the Waves platform which allows token holders to "lease" their tokens to full nodes and earn a percentage of the payout as a reward.

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