Avalanche Consensus powered by eCash Stakers
StakingStakingStaking
Stakers have an important job: to participate in eCash's avalanche consensus system, enabling eCash to be a fast and reliable electronic cash system. eCash avalanche participants should run reliable high-availability nodes in order to provide good quality of service. In exchange for providing this valuable service to the network, eCash stakers can earn staking rewards.
WARNING There are fake eCash staking guides that attempt to steal your coins. To stake on eCash, you must run a fully-validating node with avalanche enabled. There is no “wallet only” staking option. Use extreme caution with any third party staking service.
Staking rewards went live on the eCash network on November 15th, 2023 as part of the eCash network upgrade. The purpose of staking rewards is to incentivize running eCash avalanche nodes to improve the overall security and performance of eCash. As such, it is important for stakers to run high quality nodes. This will help the eCash system to work well, and also ensure you receive the staking rewards.
Staking RequirementsStaking RequirementsStaking Requirements
- The coins to be staked must be a minimum of 100,000,000.00 XEC per UTXO.
- The stake UTXOs must have 2016 or more block confirmations. This means the coins must not have moved for approximately two weeks.
- The stake UTXOs must be of type Pay To Public Key Hash (P2PKH).
- Staking nodes should have reliably high uptime, and be able to run continuously for long periods.
- Staking nodes must have reliable, always-on internet connection.
- Node should accept incoming connections from the network, not be behind a restrictive firewall, and not limit the number of connections (do not set the
maxconnectionsparameter in thebitcoin.conffile). - It is advisable to run multiple nodes per Proof with the use of Delegations. For best redundancy, the nodes should be geographically distributed, in different data centres and with different providers. This will help provide better service to the avalanche network, and ease in upgrading nodes one at a time to ensure no staking downtime.
- Do not use Tor for your staking node. Using Tor results in an unreliable connection to the rest of the network. It provides worse service to the avalanche network, and increases the chance of losing your staking rewards.
Frequently Asked QuestionsFrequently Asked QuestionsFrequently Asked Questions
How is the staking reward recipient determined?
The staking reward winner is determined by generating a ranking value for each Proof in the quorum, and then selecting the smallest as the winner for that block. This ranking value is generated by hashing the Proof ID together with the previous block hash, and then scaling the result appropriately based on the staked amount.
If I have many stakes instead of one single stake in the proof with the same amount of coins, will it lower my chance of winning the reward?
No, the expected rewards are the same in either case. The probability of winning staking rewards is directly proportional to the stake amount.
