2.4. Stake
Last updated
Last updated
Stake essentially means granting the power to forge to a miner (Lunes Node) on the network by borrowing the Lunes coins that are in their wallet.
This allows any user to participate in the forging process with just 1 Lunes and without having to run a Lunes Node, being rewarded for keeping their coins locked.
The process works as if it were a loan of your coins to forgers. The user still retains full control over their funds, but they are locked and cannot be transferred, making it possible to cancel the stake at any time.
The rewards earned by the node are shared with those who have leased their Lunes cryptocurrencies. This generates competition between nodes to offer attractive rewards.