BizAuto Whitepaper_Eng
  • BizAuto Docs
  • Start Here
    • 1. Getting Started
    • 2. Getting Support
      • 2.1 Official Emails for Contact
    • 3. Grant Program
  • Core Concepts
    • 1. What is BizAuto?
    • 2. Core Architecture
      • 2.1 Key Components
      • 2.2 Network Information
      • 2.3 Wallet Configuration
    • 3. Technology
    • 4. BizAuto’s System Resource Allocation
    • 5. BizAuto Tools
  • Products
    • 1. BizAuto Platform
      • 1.1 Overview
      • 1.2 Set up your wallet : BIZA Platform
        • 1.2.1 BIZA PLATFORM Installation
        • 1.2.2 BIZA PLATFORM membership registration
        • 1.2.3 KYC verification
        • 1.2.4 OTP registration
        • 1.2.5 DID certification
      • 1.3 Staking
    • 2. BIZA-CarnegieMall: Decentralized P2P Platform
      • 2.1 Overview
      • 2.2 Key Features
      • 2.3 Comparison with Traditional E-Commerce Platforms
      • 2.4 Additional Services
      • 2.5 Conclusion
      • 2.6 User Guide
        • 2.6.1 BIZA-CarnegieMall Installation
        • 2.6.2 BIZA-CarnegieMall membership registration
        • 2.6.3 BIZA-CarnegieMall product registration and sales
    • 3. BIZA-UVIT
      • 3.1 Overview
      • 3.2 Key Features
      • 3.3 Additional Services
    • 4. Others
      • 4.1 BIZA-MetaWorld
        • 4.1.1 Overview
        • 4.1.2 Key Features
        • 4.1.3 Additional Services
      • 4.2 BIZA-Metaversity
        • 4.2.1. Overview
        • 4.2.2. Key Features
        • 4.2.3. Additional Services
  • Tokenomics
    • 1. Distribution Plan
    • 2. Explorer
    • 3. Token Information
      • 3.1 CoinMarketCap
      • 3.2 CoinGecko
      • 3.3 Medium
  • Resources
    • 1. Developer tools
    • 2. Learning Resources
  • Block Producer (Validator)
    • 1. Overview
    • 2. BIZA Block Producer Registration and Election Process
    • 3. BIZA Block Producer Voting Guide
    • 4.Block Producer Rewards
  • Ecosystem
    • 1. Wallet
    • 2. Block Explorer
    • 3. RPC Providers
    • 4. Centralized Exchanges
    • 5. Ecosystem Map
    • 6. Join the Ecosystem
  • Roadmap
    • Partners
  • Disclaimers
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  1. Products
  2. 1. BizAuto Platform

1.3 Staking

Staking within the BIZA platform allows users to actively participate in the network’s governance and resource allocation while earning rewards. Here’s how it works:

1.Staking Process: Users can stake their BIZA tokens, which involves locking up a certain amount of tokens for a specific period. During this period, the staked tokens cannot be traded or transferred.

2.Resource Allocation (CPU and NET): The amount of BIZA tokens staked directly influences the allocation of network resources, specifically CPU and NET bandwidth. CPU represents the computational power required to process transactions, while NET refers to the network bandwidth necessary for data transmission. The more tokens a user stakes, the greater access they have to these resources, enabling them to perform more transactions and operations on the platform.

3.Voting Rights: Staking also grants users voting rights, allowing them to vote for block producers who maintain the blockchain. The weight of a user’s vote is proportional to the amount of tokens staked, ensuring that those with a greater stake in the network have more influence on its governance.

4.Unstaking Process: When a user chooses to unstake their tokens, there is a waiting period before the tokens become transferable again. This period helps maintain network stability and prevents sudden changes in token supply.

5.Security and Decentralization: Staking plays a crucial role in enhancing the security and decentralization of the BIZA network. By encouraging broad participation, the platform reduces the risk of centralization, ensuring a fair and secure network environment.

In summary, staking in the BIZA ecosystem not only rewards users but also allocates critical resources like CPU and NET, essential for performing operations on the network. This system ensures that the platform remains secure, decentralized, and efficient.

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Last updated 4 months ago