If you’re not part of the Aptos network yet, now is the time to join. Aptos is a fast-growing blockchain that offers great opportunities for staking APT tokens. Staking helps you earn rewards and gives you a say in the network’s growth while protecting your investments.
What Is Aptos Blockchain?
Aptos (APT) is a modular Layer 1 blockchain platform built on advanced technology, known for its scalability and security. Its parallel transaction processing system allows Aptos to handle up to 160,000 transactions per second, making it one of the most efficient blockchains in the market. The modular design of Aptos ensures high performance and reliability, setting it apart from other blockchain solutions. This combination of high throughput and strong focus on security helps protect users’ assets. Aptos also has its native token, APT, which is used for transactions, staking, and governance within the network. These features make Aptos an appealing choice for decentralized applications and projects that require flexibility and resilience under heavy loads.
What Is Staking
Staking is the process of holding and locking up cryptocurrency in a blockchain network to support its operations. In return, participants can earn rewards, usually in the form of additional cryptocurrency, while helping to keep the network secure and stable.
Top 6 Reasons Why You Should Stake APT
Staking APT is not just a way to earn rewards; it’s a smart strategy to enhance your crypto portfolio. In this article, we’ll cover the top 6 reasons why staking APT can benefit you.
Security of Your Assets When Staking APT
Your assets stay safe whether you’re holding them or staking. The main factors in ensuring security are the Aptos blockchain and your wallet. With Gem Wallet, only you have your private keys, so only you can access your assets, which helps prevent hacking. Aptos network validators are responsible for processing transactions and maintaining the blockchain’s stability, but they have no access to your funds.
Participate in Transaction Validation by Staking in Aptos Blockchain
The Aptos blockchain uses Proof-of-Stake (PoS) technology, which is different from the Proof-of-Work (PoW) used in blockchains like Bitcoin. While Bitcoin transactions are verified by miners’ computing power, Aptos transactions are verified based on staked tokens. Even though the methods are different, the goal is the same — to secure and verify the network. By staking APT, you help maintain the Aptos blockchain and take part in transaction validation.
Contribute to the Security of the Aptos Blockchain by Staking APT
Many have heard of the 51% attack, where one group gains control of more than half of the network’s validating power, putting the entire network at risk. The only reliable way to defend against such attacks is decentralization of participants and resources. That’s why staking and contributing to the stability and security of the Aptos blockchain are so important. In this sense, staking your assets might even be safer than just keeping them in a wallet.
Keep APT Steady by Staking
Staking APT helps keep the network stable and supports the token. When you stake your tokens, they are locked for 7 days, reducing the supply on the market and helping to keep the price steady. This also improves network security and creates more chances for the token to grow steadily. By staking APT, you’re helping the ecosystem grow and protecting your assets from sudden changes.
Inflation Protection When Staking APT
Staking APT helps protect your assets from inflation. As more tokens enter the market, the value of your assets might go down. However, by staking APT, you earn rewards that can offset any losses, helping to maintain or even increase the value of your assets. This makes staking an effective strategy for preserving the long-term value of your APT tokens.
Participate in Governance
Staking in the Aptos network lets you actively participate in blockchain governance. By staking your APT tokens with validators, you gain the right to vote on important decisions that shape the future of the network. These decisions could involve new technology, protocol changes, or how resources are allocated. Voting allows you to support the network’s growth while protecting your investment by backing initiatives that enhance the security and development of the Aptos ecosystem.
Getting Started With Staking APT
We’ve outlined a quick roadmap to help you begin staking APT tokens.
Setting Up an Aptos Wallet
First, you’ll need the right wallet. Gem Wallet is a self-custody mobile wallet with open-source code that makes working with Aptos and other blockchains easy. Install the wallet, securely back up your seed phrase, and you’ll be ready to receive your first APT tokens for staking.
How to Acquire APT Tokens
There are several ways to get APT – you can transfer them from an exchange or receive them from others. Sometimes, APT tokens can also be earned as rewards through various promotions. For a quicker and more convenient option, you can purchase APT directly with a credit card within your wallet. This method is safe and allows you to acquire tokens in just a few clicks.
How to Stake APT
To stake your APT, open your wallet and select the staking option. The process is simple: choose the number of tokens you want to stake and pick a validator. For detailed instructions, check out our step-by-step guide: How to Stake APT
