Sounds like the staking is a way to incentivize individual node uptime. Also you need to pay into the stake to get going so there is some financial pain involved in neglecting, or worse, manipulating a node. Though it sounds like around €1000 per node, so it’s not really going to slow down governments or billion dollar commercial competitors.
It’s also a way that people can contribute to the network without needing third party payment services. I don’t need to find some node operator’s socials and look up a patron to use a credit card.
If I already have an account with a crypto exchange then it’s easy to pay the operators.
Can you think of another way for people across the world to easily pay each other directly?
lokinet is for data transfer, like a message from your phone to mine, not a currency. Thats why its odd it uses staking instead of any nodes.
Sounds like the staking is a way to incentivize individual node uptime. Also you need to pay into the stake to get going so there is some financial pain involved in neglecting, or worse, manipulating a node. Though it sounds like around €1000 per node, so it’s not really going to slow down governments or billion dollar commercial competitors.
Exactly.
It’s also a way that people can contribute to the network without needing third party payment services. I don’t need to find some node operator’s socials and look up a patron to use a credit card.
If I already have an account with a crypto exchange then it’s easy to pay the operators.