Vladislav Mozgovoi

To send coins for staking, you need to become a validator or a delegate. Validators are those who help keep a particular blockchain network running. They must have their own server with 24/7 Internet access or rent it from a company. and the server hosts software aimed at supporting the operation of the blockchain. The validator only needs to properly configure it, run it and monitor the work from time to timetime.The delegate is the person who gave the validator their digital coins for staking. In return, he receives a small reward for this from the validator.

Many people think that staking belongs to the field of DeFi and is very similar to the deposit service. However, there is a difference. If the DeFi sphere usually maintains the solvency of individual projects, exchanges, exchangers, lending platforms, etc., then staking maintains the performance of the entire blockchain network. When staking, your coins are frozen and you lose the ability to use them for a certain time. For this, with each issue of new digital coins in the blockchain network, you are given a reward that you can sell or invest somewhere again. Staking can bring the highest interest income - the rates here can sometimes reach fantastic sizes - up to 200% -600% per annum and even more.

Cryptocurrencies are bought with real money and run on a specific blockchain network. If the owners of a certain cryptocurrency decide to sell all their savings abruptly, then the value of the coins will instantly collapse, which will lead to an even greater outflow of real money from the blockchain and eventually bankrupt it. To avoid this, blockchains offer owners to “freeze” their coins within the network, which means that they cannot be used. But for ensuring security, stack holders are rewarded with each issue of new coins in the network. In addition, they get the opportunity to participate in the development of the blockchain - “frozen” coins give the right to vote when conducting polls on changes in the rules of work. The more coins you have, the stronger your vote in polls.

To send coins for staking, you need to become a validator or a delegate. Validators are those who help keep a particular blockchain network running. They must have their own server with 24/7 Internet access or rent it from a company. and the server hosts software aimed at supporting the operation of the blockchain. The validator only needs to properly configure it, run it and monitor the work from time to time.

A token is a type of digital crypto-assets, giving owners conferring the right to own something assets: product, service, or security.

The main attribute of the token against the non-fungible token (NFT) is standardization. You can create a token for fiat currency, gold, oil, and other things that have a definite standard. But for non-standard things like pieces of art, second-hand goods, etc, using NFT.

The term cryptocurrency token can be used to represent many different forms of "tokenized data" that represents a cryptographic string of letters and numbers. For example, a cryptocurrency token can be used to describe a cryptocurrency such as Bitcoin, or be used to refer to a digital asset existing on another cryptocurrencies blockchain such as an ERC-20 token on the Ethereum blockchain. If no specific context is given a token should be assumed to represent a cryptocurrency that exists on another cryptocurrencies blockchain.

1. A token is a type of digital crypto-assets, giving owners conferring the right to own something assets: product, service, or security.
2. The term cryptocurrency token can be used to represent many different forms of "tokenized data" that represents a cryptographic string of letters and numbers. For example, a cryptocurrency token can be used to describe a cryptocurrency such as Bitcoin, or be used to refer to a digital asset existing on another cryptocurrencies blockchain such as an ERC-20 token on the Ethereum blockchain. If no specific context is given a token should be assumed to represent a cryptocurrency that exists on another cryptocurrencies blockchain.

The token is very similar to a digital signature. But if the digital signature is regulated by government law then the token is not. It created many problems for using tokens in business and everyday life. If you bought a token desfor a car, that confers your right to own the automobile, you would not get it through the court. That means, the first holder of the token can sell it for you but must not give you real assets.

The main attribute of the token against the non-fungible token (NFT) is standardization. You can create a token for fiat currency, gold, oil, and other things that have a definite standard. But for non-standard things like pieces of art, second-hand goods, etc, using NFT.

Usually, the tokens issuing on their own or third-party blockchain networks. That created different types with individual characteristics: TRC-20 (Tron), QRC-20 (Qtum), NEO-5 (NEO), ERC-20 (Ethereum), BEP-20 (Binance).