More About Dynamic Mining's Node Network Offerings
Polkadot is an open-source blockchain platform with its own native cryptocurrency. The architecture of the network is based around a connection of chains. The primary chain that governs the network is called the “relay chain” and the user-created chains that are called “parachains” are auctioned off to create new independent blockchains in the network. The native coin on the network is DOT which is used to govern the network, be staked for the operation of the network and to be bonded to connect a chain to Polkadot.
Polkadot aims to provide interconnectivity and interoperability between blockchains with independent chains exchanging messages and transactions without a trusted third party. At Dynamic Mining, we are inclined to support large, community-based networks. We are excited to share this amazing opportunity with you.
Polkadot’s underlying technology allows investors to create their own blockchain that is interoperable with the other networks built with the Polkadot framework.
Polkadot uses nominated Proof-of-Stake to achieve consensus on the network. Validators secure the main Relay Chain which is the heart of the smaller chains.
Individuals on the Polkadot network vote for network updates with on-chain voting. Custom rules can be created and voted in, added to any blockchain launched using it.
Polkadot’s Nominated Proof-of-Stake consensus consensus mechanism uses a fraction of the energy compared to the traditional Proof-of-Work method.
Token holders earn rewards for staking their tokens and validating transactions
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Staking on Polkadot is the primary way to get selected to add the next block to the Relay chain. Tokens are held for approximately 28 days before receiving the initial staked tokens and the rewards. Staking is a completely safe way to grow your DOT pool, especially if it is being held long-term.
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Join us in supporting innovative blockchain networks
Security is our top priority. We only ask for the necessary information from clients. Our team makes sure that our infrastructure stays secure.
We provide regular updates on the performance of our nodes. Our clients are able to access statistics on their staked tokens at any time.
We use the most competitive equipment for our services. With our node operators, you are guaranteed top performance.
Our team is always monitoring our infrastructure and we are prepared to handle any issue the moment that it arises.
Frequently Asked Questions
Have more questions about staking? Check out the FAQ below and feel free to reach out to us with any unanswered questions
Staking is the process of holding tokens on a validator node in a network. This provides token holders with the opportunity to earn extra income from their digital assets.
Delegating is when a token holder gives their tokens to a third party or public validator node. With delegating, physical ownership of equipment is not required. Rewards for delegating are split among the public validator and the individual who delegated their tokens.
The quickest way to participate in staking is by delegating your tokens to a public node. With delegating, powerful computing and technical knowledge are not required to bring in profits.
Staking on Cardano is 100% safe. Safety is guaranteed because the internal resource (ADA) is never at risk. The right to produce a block based on a person’s stake is only ever delegated, meaning no ADA is handed over to participate in staking. Furthermore, the protocol is designed without slashing, meaning stake is never at risk of being lost.