Staking and Governance
Proof of Staked brings in decentralization and community involvement. Its core logic can be summarized as the below.
Token holders, including the validators, can put their tokens “bonded” into the stake. Token holders can delegate their tokens onto any validator or validator candidate, to expect it can become an actual validator, and later they can choose a different validator or candidate to re-delegate their tokens.
Validators can share (part of) their blocking reward with their delegators.
Validators can suffer from “Slashing”, a punishment for their bad behaviors, such as double sign and/or instability.
There is an “unbonding period” for validators and delegators so that the system makes sure the tokens remain bonded when bad behaviors are caught, the responsible will get slashed during this period.
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