How does staking work on the network ?

Staking on the Theta Network is a process that allows users to earn rewards for helping to secure the network.

By staking their tokens, users are able to validate transactions and help maintain the network’s consensus. The process of staking on the Theta Network is relatively simple. First, users must hold a minimum amount of THETA tokens in order to be eligible for staking rewards.

This amount is currently set at 10,000 THETA tokens. Once they have acquired this amount, they can then deposit their tokens into a smart contract on the network. This smart contract will then lock up their tokens and allow them to start earning rewards for validating transactions and helping maintain the network’s consensus.

The rewards earned from staking are distributed in two ways: through block rewards and transaction fees. Block rewards are given out every time a new block is added to the blockchain, while transaction fees are paid out when users send transactions across the network. Both of these reward types are distributed proportionally among all stakers on the network based on how much they have staked relative to other users.

In addition to earning rewards from staking, users can also benefit from increased security on the Theta Network as more people stake their tokens. As more people stake their tokens, it becomes harder for malicious actors to attack or manipulate the network as there will be more people actively validating transactions and maintaining consensus. Overall, staking on the Theta Network is an easy way for users to earn rewards while helping secure and maintain its underlying blockchain technology.