A Guide on Staking TRX in NOW Wallet
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A TRX staking option is now available in NOW Wallet, a non-custodial wallet developed by the team behind ChangeNOW. Staking is an easy and reliable way for crypto enthusiasts to earn passive income. Check out all the possibilities offered by the TRON network.
TRON is a blockchain system created for the entertainment and gaming industries by facilitating the creation of smart contracts and decentralized applications. The TRX blockchain is based on the idea of decentralization. TRON's network stores data completely free and without centralized control. TRX, TRON's native token, is offered as a reward for posting content.
The blockchain uses a consensus method known as Delegated Proof of Stake (DPoS), which allows users to vote for delegates to influence the network. The transaction history is maintained by 27 super representatives entrusted with validating transactions. The mechanism selects super representatives every six hours, who earn TRX tokens as a reward.
Candidates for super representatives can apply at any time. There is, however, a threshold of 9,999 TRX for admission to prevent malicious attacks. Every account in TRON's network can vote for SR candidates, but voting requires TRON Power (TP), which is determined by a user’s frozen TRX balance.
Super representatives are the top 27 candidates with the most votes. Those ranked 28th to 127th are super representative partners. SRs play an important role in governing the TRON network by ensuring basic functions such as block generation and transaction packing. They receive block rewards as well as voting rewards. Those who vote for super representatives also get
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