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.Earning Rewards: In return for staking their tokens, users receive additional BIZA tokens as rewards. These rewards are distributed based on the number of tokens staked and the length of the staking period, providing an incentive for users to contribute to the network.

5.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.

6.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.