How staking works:
You must have a quantity of crypto YEP COIN:
You must have a Wallet:
You must be connected to the Internet:
When a transaction is made somewhere in the world :
A fee is charged to this transaction in the amount of: 0.001 YEP COIN
This transaction will be confirmed when it is validated :
Those who validate the transactions are those who are connected to the network (Blockchain) via their wallet:
- The validations do not require any intervention on your part.
- This is done in an automatic way is transparent
20% of its fees will be distributed to people connected to the network via their wallet
Use Case :
Linda has 1000 YEP COIN
She is currently connected to the network (Blockchain) with his wallet
5 peoples are connected, at the same time to the network (Blockchain) of which Linda
Paul – who has 10 YEP COIN it’s connected with are wallet
Marc – who has 100 YEP COIN it’s connected with are wallet
Daylen – who has 1500 YEP COIN she connected with are wallet
Logan – who has 2000 YEP COIN he is connected with are wallet
Linda – who has 1000 YEP COIN she is connected with are wallet
In this case the following figure Logan having 2000 YEP COIN will be more likely to be chosen to validate a transaction.
Linda is in third position
In the next case figure, or Logan and Daylen are no longer connected to the network (blockchain) with their wallets
and if Marc and Paul are still connected ( If you are only 5 connected in the network )
Linda, in this case would have more chance to get a reward for validating a transaction.
Hence the importance of being most often connected.
Important : More the network grow, the less likely it is that those with small amounts will be selected to validate transactions.