How to stake Polkadot (DOT)?
Still haven’t figured out how to stake Polkadot (DOT)? Worry not; this article provides a step-by-step guide on where and how to stake DOT. Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure. Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain and the parachains, making it a flexible and scalable blockchain solution. The native token on the Polkadot blockchain is named DOT (DOT). It can be used on the Polkadot network for trading, staking, bonding, paying transaction fees and voting in network governance. This article highlights what Polkadot staking is, how it works, how to stake DOT, its requirements and rewards, and why tokenholders should stake DOT. What is Polkadot staking a...