Staking
Staking is one of the core features of Electric Cash. It allows us to create a sound governance system for our users and incentivize positive behavior from the network participants. By staking, which is a form of storing funds, every user can actively contribute to the network growth and help prevent the oversupply problem that could affect the overall inflation issue in the years ahead. This, in turn, increases network stability.
Staking process
Electric Cash network participants can stake ELCASH to govern the network and earn rewards. Users can also get additional benefits, such as free transactions and Governance Power (GP).
The whole staking process can be managed from the Electric Cash Wallet. The user has full control over the funds and makes the staking agreement directly with the protocol.