Newblock is a team of makers, thinkers, and doers. Join Newblock validator pool to help secure networks and earn rewards!
Newblock is validation service provider for Proof-of-Stake blockchain networks. The goal of Newblock is to provide a safe architecture for staking, help token holders to earn rewards on their holdings and shape the future of the blockchain networks in which we believe.
Blockchain is a decentralized distributed ledger of transactions. Proof of stake is a consensus mechanism for blockchain networks, and it’s a way for everyone to agree on which transactions are valid and produce the new block of transactions.
Nodes that can add blocks are called "validators" who are responsible for verifying transactions on a blockchain. Each validator has a chance at being selected to create the next block and receive its rewards. Rewards are given for actions that help the network reach consensus.
Once the rewards have been distributed to the validator, then rewards will be divided depends on the proportion of the size of staker’s amount to the size of the stake of the network.
[1] Earn rewards
Rewards are given for actions that help the network reach consensus. You'll get rewards for running software that properly batches transactions into new blocks and checks the work of other validators because that's what keeps the blockchain running securely.
[2] Better security
The network gets stronger against attacks as more token is staked, as it then requires more token to control a majority of the network. To become a threat, you would need to hold the majority of validators, which means you'd need to control the majority of token in the system.
[3] More sustainable
Stakers don't need energy-intensive computers to participate in a proof-of-stake system–just a home computer or smartphone. This will make blockchain better for the environment.