了解加密貨幣

Staking是加密貨幣持有人通過將其令牌鎖定在網絡中以幫助驗證和確保交易來獲得獎勵的流行方式。

Staking is a popular method for cryptocurrency holders to lock their tokens in a network and earn rewards in return for helping to validate and secure transactions. This process typically operates on the “Proof-of-Stake” (PoS) model, where participants with the most tokens have the greatest influence on the network and earn larger rewards.

Stataking是加密貨幣持有人將其令牌鎖定在網絡中並獲得獎勵以幫助驗證和確保交易的獎勵的一種流行方法。這個過程通常在“銷售證明”（POS）模型上運行，在該模型中，令牌最多的參與者對網絡的影響最大，並獲得更大的獎勵。

To get started, individuals need to deposit their tokens into a wallet that is designed for staking. This wallet will allow them to engage in the network’s consensus mechanism, such as validating transactions and adding new blocks to the blockchain. In return for their contribution, participants will receive rewards, which could be in the form of transaction fees or newly minted tokens. The amount a user can earn will depend on the amount of tokens they stake and the specific rules of the network.

首先，個人需要將其令牌存放到設計用於堆放的錢包中。這個錢包將使他們能夠參與網絡的共識機制，例如驗證交易並在區塊鏈中添加新的區塊。作為他們的貢獻，參與者將獲得獎勵，這可能是交易費或新近鑄造的代幣的形式。用戶可以賺取的金額取決於他們掌握的令牌和網絡的特定規則。

By staking their tokens, users are contributing to the overall security and integrity of the blockchain. Validators, who are selected based on their staked tokens, are responsible for verifying transactions and deciding which ones are valid. This process ensures that the network remains trustworthy, as those with a financial stake are incentivized to maintain the system’s security.

通過存放令牌，用戶為區塊鏈的整體安全性和完整性做出了貢獻。基於其固定令牌選擇的驗證者負責驗證交易並確定哪些有效。該過程確保網絡仍然值得信賴，因為激勵擁有財務利益的人以維持系統的安全性。

Different Types of Staking

不同類型的積分

There are different types of staking, each with its own rules and benefits:

有不同類型的堆積類型，每種都有其自身的規則和好處：

Validator Staking: Validators stake a certain amount of tokens to gain the privilege of confirming transactions on the blockchain. These participants are rewarded with tokens for every transaction they manage to validate. The size of the reward will depend on how much is staked and the platform’s activity levels. The more tokens a validator holds, the more influence they have on the network.

驗證器置換：驗證者將一定數量的令牌存儲起來，以獲得確認區塊鏈交易的特權。對於他們設法驗證的每筆交易，這些參與者都會獲得代幣的獎勵。獎勵的大小將取決於儲存數量和平台的活動水平。驗證者擁有的令牌越多，它們對網絡的影響就越多。

Delegated Staking (DPoS): In this model, token holders can delegate their tokens to a selected validator. The validators are chosen through a democratic voting system. DPoS aims to improve scalability and speed by limiting the number of validators who are responsible for processing transactions. However, it does rely on token holders actively participating in elections to prevent too much power from resting with a small group of validators. For example, Alice may delegate her tokens to Bob, who manages her stake in return for a share of the rewards. This allows Alice to earn without having to manage the process herself.

委派訂閱（DPO）：在此模型中，令牌持有人可以將其令牌委託給所選驗證器。通過民主投票系統選擇驗證者。 DPO旨在通過限制負責處理交易的驗證者的數量來提高可擴展性和速度。但是，它確實依靠代幣的持有人積極參與選舉，以防止過多的權力與一小群驗證者息息相關。例如，愛麗絲可能會將她的代幣委託給鮑勃，後者管理她的股份，以換取一份獎勵。這允許愛麗絲賺錢而無需自己管理過程。

Liquidity Staking: This type of staking involves providing liquidity to a decentralized exchange (DEX) by depositing two or more tokens into a liquidity pool. In return for contributing to the DEX's operations, users earn a portion of the exchange's fees and potentially other types of rewards. For instance, Alice can deposit her ETH and WBTC into a DEX liquidity pool, and in return, she will earn a portion of the exchange’s native tokens.

流動性積累：這種類型的飼養涉及通過將兩個或多個令牌存放到流動性庫中，從而為分散的交換（DEX）提供流動性。作為為DEX運營做出貢獻的回報，用戶賺取了一部分交易所費用以及潛在的其他類型的獎勵。例如，愛麗絲可以將她的ETH和WBTC存放到DEX流動性池中，作為回報，她將獲得交易所本地令牌的一部分。

Staking on Ethereum

在以太坊上賭注

Earlier this year, Ethereum transitioned to Proof-of-Stake (PoS), allowing validators to confirm transactions using staked ETH. When a user initiates a transaction, it’s broadcast to the network. Validators will then compete to process the transaction, and those who succeed will be rewarded with more ETH. Compared to its previous Proof-of-Work model, Ethereum’s consensus mechanism is now much more energy-efficient.

今年早些時候，以太坊過渡為驗證證明（POS），允許驗證者使用固定ETH確認交易。當用戶啟動交易時，它會廣播到網絡。然後，驗證者將競爭處理交易，而成功的人將獲得更多的ETH獎勵。與以前的工作證明模型相比，以太坊的共識機制現在更加節能。

To interact with Ethereum, users need to include gas fees, which pay for the computational resources required to process transactions. Gas is essential for ensuring that transactions are verified and added to the blockchain. If the gas fee is too low, the transaction will not be executed. However, if the gas fee is set too high, it may not be economical for validators to select the transaction for processing.

要與以太坊互動，用戶需要包括汽油費，這些費用支付處理交易所需的計算資源。氣體對於確保驗證交易並添加到區塊鏈中至關重要。如果汽油費太低，則不會執行交易。但是，如果設定的汽油費太高，則驗證者選擇處理交易可能並不經濟。

As a result, users must set an appropriate gas fee to balance the trade-off between having the transaction executed and maximizing personal gains.

結果，用戶必須設定適當的汽油費，以平衡執行交易和最大化個人收益之間的權衡。

Challenges of Staking

積累的挑戰

Despite its benefits, staking comes with several risks:

儘管有好處，但Staking帶有幾種風險：

High Transaction Costs: Ethereum’s gas fees can become quite high, making it costly to process smaller transactions. This is especially problematic for users with limited amounts of crypto.

高交易成本：以太坊的汽油費可能會變得很高，因此處理較小的交易成本很高。對於有限的加密貨幣用戶而言，這尤其有問題。

Centralization: Since becoming a validator requires staking a significant amount of tokens, larger entities tend to dominate the staking process. This can lead to centralization, undermining the decentralized nature of the network.

集中化：自從成為驗證者需要佔有大量令牌以來，較大的實體傾向於主導放電過程。這可能導致集中化，破壞網絡的分散性質。

Inflation: The increase in the supply of ETH over time can dilute the value of staked tokens, potentially reducing the overall return for stakers.

通貨膨脹：隨著時間的推移，ETH供應的增加可以稀釋儲存的代幣的價值，從而有可能降低Stakers的整體回報。

Impermanent Loss: In liquidity staking, users risk losing value if the price of their staked tokens fluctuates. For example, if the value of a token decreases, it could offset the rewards earned, resulting in a net loss.

無常損失：在流動性積累中，如果其固定令牌的價格波動，用戶可能會失去價值。例如，如果代幣的價值下降，則可能會抵消所獲得的獎勵，從而導致淨損失。

Is Staking Worth It?

堆放值得嗎？

Staking can be an appealing way to earn passive income, especially for long-term crypto holders who are not concerned with short-term price fluctuations. However, it carries risks, and only funds you can afford to lose should be staked. Always research the platforms you plan to use and be wary of unusually high returns, as they may indicate risks or scams.

積分可能是一種吸引被動收入的吸引人的方式，特別是對於不關心短期價格波動的長期加密持有者而言。但是，它會帶來風險，只有您能負擔得起的資金才能被存放。始終研究您打算使用的平台，並保持異常高的回報，因為它們可能表明風險或騙局。