Delegation

A Delegation Pool in crypto terminology refers to a group of staking participants who delegate their tokens to a validator, enhancing network security and earning rewards collectively.

Delegation refers to the process by which token holders assign their voting power or staking rights to others, typically within a blockchain network that uses a proof-of-stake consensus mechanism. This allows users to participate in network governance and security without needing to actively stake their own tokens.In practical terms, when a user delegates their tokens, they choose a validator or a representative to perform tasks such as validating transactions and maintaining the blockchain. The chosen validator then uses these delegated tokens to boost their influence on the network.Delegation benefits both parties: the delegator can earn rewards from staking without the technical demands of running a node, while the validator gains additional resources to secure the network and often shares a portion of the rewards with those who delegated to them.This system encourages wider participation and decentralization, as even those with limited tokens can still influence the network by supporting reliable validators.

Latest Resources and Blogs