Staking on FLOW

Flow is a global network of computers working together to maintain the security and integrity of its users' data. This global network is made up of many individual nodes: software applications run by people. Every node in the network shares a small part of the responsibility to keep the network running smoothly and to ensure that other nodes are doing the same. This shared responsibility is sometimes called decentralization, because no single central node is solely responsible for the security and integrity of the network and the data it contains. Node operators are what we call the people who run nodes. In order to connect their software applications as nodes on the network, a node operator must first purchase tokens. Every node operator has to temporarily give (or ‘stake’) a large number of their tokens to the network as a promise that they will not modify their node to do something that is against the rules of the network, like steal funds from users' accounts. This process of temporarily giving up tokens is called staking. If a node ever breaks the rules defined by the network, a number of the node operator's staked tokens will be taken from them as a punishment. This process is automatic. Every node knows the rules defined by the network and automatically watches other nodes and reports them if they misbehave. Meanwhile, the network pays the node operator a reward from a mixture of transaction fees and newly minted tokens on a regular basis provided their node does not break the rules. If a node operator breaks the rules, they lose the tokens they've staked. If they operate their node with integrity, they get rewarded with more tokens! This is the basic incentive that enables a decentralized proof-of-stake network, like Flow.

How Does Staking Work on Flow?

The Flow protocol maintains a list of node operators. The list contains important information about each node, like their public keys, node address, and what kind of node they are running. (Collection, Consensus, Execution, Verification, or Access) A node operator registers a node by submitting a transaction containing their node information and the FLOW they wish to stake. If they meet the requirements to run a node, then will be accepted to join the network! Once a node is staking and operating properly, it will receive periodic reward payments, assuming it stays online and actively participates in the protocol without committing any actions that would harm the network, which we call slashable offenses. Once nodes have registered, they are required to operate for a protocol-specified timeframe. This timeframe is otherwise known as an Epoch. [Read More …](https://developers.flow.com/nodes/staking)

Dashboard	Creator	Published	Activity
Insight of the Week (PARAS Ecosystem) Feb 17, 2023	Ali3N	Feb 17, 2023	0
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