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How to stake Polkadot (DOT)?

Published 04/25/2023, 10:55 AM
Updated 04/25/2023, 12:40 PM
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Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure.

Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain and the parachains, making it a flexible and scalable blockchain solution.

DOT staking requirements

Why stake Polkadot

1. Using Polkadot.js UI

2. Stake natively or join a nomination pool

3. Using a cryptocurrency exchange

4. Using a wallet

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