Staking in the PDEX World

Polkadex uses nominated Proof of Stake (NPoS) as its consensus mechanism. The coins used in the polkadex ecosystem are called PDEX tokens. While staking, one can choose to become either a nominator or a validator. As a nominator, one can nominate trusted validators such as RadiumBlock and earn PDEX tokens as reward. Validators produce new blocks by validating transactions in the chain.

The role of a validator in the ecosystem is crucial. Each transaction has to be carefully approved as approval of spurious transactions will have serious repercussions like loss of credibility and as well as a part of their stake.

Nominators may nominate upto 16 validators as trusted candidates. Both validators and nominators can stake their tokens as collateral and receive rewards.