Introducing staking 2.0 on SMART Blockchain!Staking on the SMART blockchain is a process where users freeze their SMART coins to support the network’s operation and get key network resources in return: Bandwidth (throughput capacity) and Energy. These resources are essential for executing smart contract transactions and other transactions.
Staking management is done through the SMART Wallet. As with all Ultima products, the staking interface is simple and intuitive.
In this section, you will learn:
- In detail, what staking is;
- Why staking is beneficial for the SMART blockchain;
- What Bandwidth and Energy are and why they are needed;
- How staking makes your work with the blockchain much more profitable;
- How staking rewards are calculated.