The AXIA Network and PoP consensus supports far more inclusive staking by enabling anyone with access to a smartphone or other electronic devices to download or access the AXIA wallet app (AXwallet), and participate in staking as Nominators. This will enable millions of users to participate in the consensus, resulting in better security, a much higher level of decentralization and far more inclusiveness.
In AXIA PoP consensus mechanism transactions, Validators are selected for participation in the consensus protocol. This process consists of two actors – the Validators and the Nominators. The general role of Validators is to produce new blocks and approve transactions. The Validators require AXIA Coins backing them, whereas the Nominators are responsible for backing the Validators with AXIA Coin. Anyone with access to the internet can become a Nominator using AXwallet. A Nominator stakes their coins and can then nominate up to 16 Validators of their choice. In turn, they receive a part of the unparalleled staking rewards earned by the Validators for their services
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