Delegation staking allows users to participate in a proof-of-stake network without running their own validator node. Instead of maintaining the infrastructure required for a full node, individuals can delegate their tokens to an existing validator.When a user delegates their tokens, they essentially give their voting power to the chosen validator. This helps secure the network and validate transactions while earning rewards. The chosen validator typically takes a portion of the earnings as a fee for providing the service.This method is beneficial for those who may not have the technical skills or resources to operate a validator node but still want to earn rewards. It creates a way for more participants to engage in network security while spreading the workload across numerous validators.Delegation staking promotes decentralization and participation within the ecosystem, allowing users to support the network and potentially earn passive income without significant investment in hardware or technical expertise. It strikes a balance between involvement and simplicity.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to