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Polymesh Glossary
Contents
Overview
Decentralization, governance, and transaction finality
The Cryptoeconomic system: consensus, proof–of–stake, and who’s involved
Tokenization, tokens, and their types and standards
DLT, blockchain, and the different types and layers
Staking
Staking is the process of securing the network by aligning the economic incentives to the correct operation of the chain through a system of rewards and penalties. It’s an important aspect of the nominated proof-of-stake consensus mechanism, which defines which blocks get written to the chain as well as the roles, rules, and incentives of the network.
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