Is there a way to earn rewards for participating in the network or staking tokens?
Yes, there is a way to earn rewards for participating in the Zilliqa network or staking tokens.
The Zilliqa network uses a consensus mechanism called Practical Byzantine Fault Tolerance (PBFT) which allows users to stake their tokens and earn rewards for validating transactions on the network. Staking tokens is a form of passive income and can be done by setting up a node on the Zilliqa network. By running a node, users are able to validate transactions and receive rewards in the form of newly minted ZIL tokens.
Additionally, users can also participate in Delegated Proof-of-Stake (DPoS) where they can delegate their tokens to validators who will then receive rewards for validating transactions on the network. This allows users to earn rewards without having to run their own node.
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