What is the purpose of a “staking pool” in a Proof of Stake blockchain?

Marina Protocol is a global Web 3.0 tutorial platform with learning materials.

It provides beginners with easy-to-use content and advanced interfaces for activities.

Users can take part in Web 3.0 projects and get rewarded for their experiences.

You can download the app from the Google Play Store and create a new account.

To begin a quiz, open the Marina Protocol app, tap on “Learn & Earn”, and choose the correct answer.

In this guide, you’ll learn the answer to “What is the purpose of a “staking pool” in a Proof of Stake blockchain?” in Marina Protocol.

What is the purpose of a “staking pool” in a Proof of Stake blockchain?

Question: What is the purpose of a “staking pool” in a Proof of Stake blockchain?

Answer: To combine the staking power of multiple participants.

Further reading

Which blockchain platform is designed to facilitate the creation of decentralized finance (DeFi) applications?

In the context of blockchain, what is a “soft fork”?

What is the primary purpose of the Lightning Network in the context of Bitcoin?

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