Staking
As Vanar continues to push the boundaries of blockchain innovation, we are introducing Delegated Proof of Stake (DPoS) to complement our hybrid consensus mechanism. This update enhances network security, decentralization , and empowers the community to actively participate in the network's growth.
What is DPoS?
Delegated Proof of Stake (DPoS) is a staking mechanism that allows users to stake their tokens and support trusted validators responsible for securing the network and validating transactions.
However, in Vanarโs unique approach, the Vanar Foundation selects the validatorsโensuring they are reputable entities with proven track recordsโwhile the community stakes $VANRY tokens to these nodes to strengthen the network and earn rewards.
Last updated