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All active EDC Blockchain witnesses receive a daily reward for each confirmed block plus an additional reward from the transaction fees, which is distributed equally among all witnesses. |
You can find detailed instructions in this article: https://blockchain.mn/how-to-become-a-witness-account-and-deploy-a-node/ |
A user who is involved in a staking service has the right to be a witness (Witness, Witness Node, Validator, Block Producer) by fulfilling certain conditions. Witnesses are responsible for reaching consensus in the process of creating and validating new blocks, for which they receive a daily reward. If the witness is ineffective, they will be quickly removed and replaced by another witness, thus ensuring a smooth network operation. |
● You do not need to keep your wallet open or even use powerful computing capacity to receive staking rewards (if you are not a node); ● No need to invest in expensive equipment to mine new coins; ● Staking through DPoS makes it possible to eliminate double spending and ensure the security of the system; ● This is a great opportunity even for owners of a small amount of coins to receive stable bonuses. |
Staking, unlike mining, does not require buying farms, spending a huge amount of electricity, and other specific skills. The main requirement for the owner of the coins is to keep the coins in their wallets. After coins have been staked, nodes start generating new coins, rewarding stakeholders with a daily bonus in proportion to their contribution. Each person determines the staking amount – the larger the stake, the greater the reward. After the staking period expires in 365 days, your coins are returned back to your balance. |