• info@ghoststaking.com

Why Stake Your Casper Tokens?

Staking is a crucial part of “Proof-Of-Stake” (POS) blockchains like CSPR.

 

With a proof of stake blockchain, validators (like us at Ghost Staking) validate transactions on the network based upon the amount of tokens delegated to our node – and get rewarded for this work. This very different to a “Proof-Of-Work” blockchain which requires a lot of computational power by miners to solve complex problems to validate transactions.

 

The advantage of POS is that it doesn’t actively encourage large mining pools like in POW which is what miners trend to in order to ensure the work they have completed is rewarded; in POW, due to the hashrate, two miners could effectively be working on the same transaction for one piece of work to be disregarded (orphaned). This orphaning is not great for efficiency, scalability and speed and perhaps more importantly not great for the planet due to the high energy use.

 

POS also ensures that no single validator can grow large enough to act maliciously on the network, as this is penalised.

3 %
Commission
0 M+
Total Stake
0 k+
Total Rewards

INFO UPDATE

Latest News

Casper vs Cardano
  • October 23, 2021

Casper vs Cardano

As Cardano is ranked #4 in terms of market capitalization (~$70bn), by far the largest PoS network, we shall try to understand the reason for this valuation. We shall be inspecting both the protocol and adoption strategy and conclude why we believe Casper is stronger both in terms of longer term fundamentals, but also short term relative value. As we…

Nothing-At-Stake, Long Range Attacks & Dynamic Availability
  • October 22, 2021

Nothing-At-Stake, Long Range Attacks & Dynamic Availability

Nothing At Stake The principal of a Nothing-At-Stake issue with Proof-Of-Stake blockchains is that validator risks nothing when creating blocks on a different chain. This can be illustrated by consider a fork into chain A and B. As a block producer (validator) gets rewarded for producing blocks, with the aforementioned fork the validator can choose to work on (1) only…

Casper vs Polkadot
  • September 17, 2021

Casper vs Polkadot

Within this article, we shall do a mini deep dive into the Polkadot 1 blockchain, specifically the sharded architecture and parachains, and conclude with comparisons to the Casper layer 1 blockchain. We shall argue that with the increased capabilities of bridging between blockchains, the focus should be on developing secure layer 1 chains (potentially with varying characteristics) and then applying…

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