Sounds like the staking is a way to incentivize individual node uptime. Also you need to pay into the stake to get going so there is some financial pain involved in neglecting, or worse, manipulating a node. Though it sounds like around €1000 per node, so it’s not really going to slow down governments or billion dollar commercial competitors.
It’s also a way that people can contribute to the network without needing third party payment services. I don’t need to find some node operator’s socials and look up a patron to use a credit card.
If I already have an account with a crypto exchange then it’s easy to pay the operators.
lokinet is for data transfer, like a message from your phone to mine, not a currency. Thats why its odd it uses staking instead of any nodes.
Sounds like the staking is a way to incentivize individual node uptime. Also you need to pay into the stake to get going so there is some financial pain involved in neglecting, or worse, manipulating a node. Though it sounds like around €1000 per node, so it’s not really going to slow down governments or billion dollar commercial competitors.
Exactly.
It’s also a way that people can contribute to the network without needing third party payment services. I don’t need to find some node operator’s socials and look up a patron to use a credit card.
If I already have an account with a crypto exchange then it’s easy to pay the operators.