Fast L1 Chain Aptos Introduces Delegated Staking

Introducing delegated staking

Aptos (APT) today announced the introduction of delegated staking. This allows users to delegate staking authority to trusted validators and earn rewards without becoming a validator themselves.

Aptos delegated staking features allow for self-custody of crypto assets (virtual currency) APT, providing end-users with accessibility and flexibility.

Users can stake APT on Aptos Explorer or use staking interfaces created by partners (Pontem Network and Nodes Guru). The minimum staking requirements have been lowered, and you can participate in staking from 11 APT (about 15,000 yen: at the time of writing).

Delegated staking allows token holders to keep their APTs in their own cryptocurrency wallets without having to deposit their funds with a third party. This will allow more participants to contribute to staking on the Aptos network in the future, ensuring the maintenance of the blockchain infrastructure and the security of the network.

According to CoinMarketCap, the circulating supply of cryptocurrency APT is 187 million APT. According to Aptos Explorer, the current stake is 857,000 APT.

Source: Aptos Explorer

This feature was proposed and implemented by Bware Labs and enabled through an on-chain governance proposal. The Aptos Foundation is working closely with Bware Labs to drive decentralization.

Aptos welcomes ecosystem partners to propose application development and other contributions to the network around delegated staking. As a result, future growth and expansion of the ecosystem is expected.

connection:What is the new blockchain “Aptos” developed by former Meta engineers?

What is Aptos

Aptos is an L1 blockchain focused on security and scalability, and is also known to have been founded by the former developers of Diem (formerly Libra), which was developed by Meta (formerly Facebook). The mainnet was launched in October 2010, using the blockchain programming language “Move”, which is superior in terms of security and scalability than Ethereum (ETH)’s “Solidity”.

The development company Aptos Labs was once valued at $4 billion and has raised a total of over ¥45 billion from major institutional investors in the industry, including Binance Labs, Coinbase Ventures, and Andreesen Horowitz (a16z). .

connection:What is the new blockchain “Aptos” developed by former Meta engineers?

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