Implementing Staking in Solidity
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With a few lines of solidity code you can implement a staking mechanism, one of the most powerful incentive schemes in token economics.Photo by rawpixel.com from PexelsAny mistakes that I make is an investment in my future. — Rose NamajunasIntroduction to stakingSomeone is said to have a stake in a venture when they contribute some assets in exchange of exercising some level of control, influence, or participation in its activities.In the #cryptocurrency world this is understood as giving users some kind of right or reward for as long as they don’t transfer some tokens in their possession. A staking mechanism usually encourages token holding against token trading, which in turn is expected to drive up the token valuation.At TechHQ we believe that knowledge exists to be shared, and in this (...)