BlockChain – What is Staking/Baking stands for?
Add to favoritesWhat is Staking/Baking stands for?
Staking = actively participate with your tokens in governance by a delegation
Baking = the process of signing and adding a block in the “tezos” network, a baker deposits bonds for every assigned block which will yield new tokens after they “cooled” down, furthermore, for every block there are also assigned endorsers that will verify the result, so one could say that also endorsements are part of the baking process