Blockchain networks are public infrastructure maintained by economically incentivized actors. As of today, the prevalent way to ensure security and continuous operation of major blockchains has been Proof-of-Work mining, the core innovation behind Bitcoin that first enabled the existence of stateless digital money. In recent months and years, blockchain networks have evolved to use different incentive models to maintain their infrastructure without requiring a central authority. A clear emerging trend is the migration to Proof-of-Stake (PoS). Networks that use Proof-of-Stake rely on participants providing monetary collateral instead of expending energy, as is the case with Proof-of-Work. Staking requires users to…
