Exciting news for the
$ALGO Algorand community! According to a tweet from Algorand CTO John Woods (Twitter/X @johnwoods), the highly anticipated new staking rewards program is set to kick off at block 46512890. This block is expected to be finalized in about 2 days, putting us on track for the launch around January 23, 2025. 🎉
Here’s what you need to know:
Real-Time Rewards: Validators will earn 10 ALGO per proposed block and 50% of transaction fees for each finalized block.
No Slashing, No Lockups: Algorand’s staking mechanism ensures participants maintain full access to their tokens without the risk of penalties.
Accessibility: Running a participation node requires 30,000 ALGO, and the hardware requirements are relatively low (16GB RAM, SSD, and reliable internet).
This staking upgrade replaces the previous governance rewards, focusing on active participation to enhance network security and decentralization.
Make sure you’re ready to take advantage of this new opportunity and contribute to the robust Algorand ecosystem! Let’s gear up for the staking era on Algorand! 🌟
#ALGO #algorand #AlgorandCan #CryptoNewss