💎Key Information About Staking on the SMART BLOCKCHAIN Network

🔸 Staking 2.0 is the process of freezing SMART coins, for which users get key network resources such as Bandwidth and Energy, essential for conducting transactions and smart contracts without additional fees.

🔸 During the webinar, we provided detailed information about staking technology, key terms, rewards, and benefits.

*🔸 Watch the webinar and share it with the entire community:*https://youtu.be/qsWBwQC5CKQ

YouTube

Technical Webinar by Igor Flagman: All About SMART Staking

In the new technical webinar by Igor Flagman, we will dive into the new technology for our community — staking. 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…

💎 Staking 2.0: Key Terms to Know
🔸 Staking 2.0 on SMART WALLET — your opportunity to get key network resources such as Bandwidth and Energy, which are necessary for transactions with smart contracts and all other transactions without a commission in the network. All you need to do is choose which resource you want to freeze SMART for: Bandwidth or Energy.

*🔸 Get to Know the Terms:
☑️ Bandwidth — the capacity required for all transactions within the SMART BLOCKCHAIN network.*
For example, each user has a daily limit of 1,500 bandwidth. This amount may be sufficient for one or several transactions. When the bandwidth limit is exhausted, the network will charge a SMART fee for conducting transactions. However, if you freeze SMART for the Bandwidth resource, you will not need to pay for these transactions, as the network will credit it to you.

☑️ Energy — the resource used to execute all transactions with smart contracts: splitting, transactions with splits, with the ULTIMA token, etc. If the energy runs out, a commission fee in SMART coins is required to complete these transactions.

🔸 You can use the resources only while your SMART is frozen. You can unfreeze the coins at any time. However, once you unfreeze them, your resources will reset, and all subsequent transactions will need to be paid for.

🔸 Reminder: the current unfreezing period is 14 days. The amount of resource in the wallet is updated daily depending on the network parameters. The resource calculation is done by the following formula:

📌 The number of your staked SMART coins for the resource / the total number of staked coins for this resource in the network * the daily limit of one of the resources.

🔸 Learn more about staking here

We ask all owners of green Unity splits to switch to the gold pool 🚀🚀🚀

🔥Alex Reinhardt is among the top 5 leading blockchain innovators of 2024

🔹 Blockchain is a rapidly evolving industry where leading experts define and set the boundaries of what's possible.

🔹 Alex Reinhardt, a blockchain expert, venture investor, and economist, has been ranked among the top 5 blockchain leaders of 2024 by MPost.

🔹 Along with Alex Reinhardt, the list includes prominent figures such as entrepreneur Elon Musk, known for integrating blockchain with Dogecoin and Neuralink, Ethereum creator Vitalik Buterin, Litecoin creator Charlie Lee, and Web3 Foundation founder Gavin Wood.

🔹 Learn more about the talented blockchain specialists shaping the future of blockchain technology at the link below:
https://mpost.io/2024s-leading-blockchain-experts-5-innovators-shaping-the-future/

❗️ Reminder: To read the article in your native language, you can enable the automatic translation of the publication in your browser at the top of the screen ❗️

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2024's Leading Blockchain Experts: 5 Innovators Shaping the Future

From the pioneering work of Ethereum co-founder Vitalik Buterin to the groundbreaking initiatives of Litecoin creator Charlie Lee, these blockchain luminaries have left an indelible mark on the industry. Join us as we explore the remarkable achievements,…