The Qtum blockchain is quite unique. In this article, we will discuss, "What are Delegator and Super Staker Meanings? What is Offline Staking?" Let's get started.
What is Offline Staking?
In August 2020, Qtum introduced a new offline staking mechanism for QTUM holders. Rather than give up custody of your QTUM tokens, you only need to provide your wallet address. Your coins stay in your wallet and can be spent or undelegated at any time. The consensus mechanism has two actors: Super Stakers (validators) and delegates.
What are Delegator and Super Staker Meanings?
Delegators send a Super Staker their wallet address through a smart contract. A fee is agreed on that the delegate will pay, and the Super Staker can decide to accept the delegation. The delegate's UTXOs can then be staked by the Super Staker. A Super Staker will collect a fee and split the prize with their delegators if they successfully validate a block.
Once delegated behind a Super Staker, you passively earn QTUM. You can use an offline solution like a hardware wallet instead of being tied to a smart contract.
Super Stakers can then win block rewards for the delegates and charge a fee for staking. However, the delegate's wallet does not have to remain connected to the network after the delegation. In other words, delegates receive rewards in passive mode.
What are Delegator and Super Staker Meanings? What is Offline Staking? - Hopefully, this article can help you to get some knowledge.
