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ARTICLE · 09 MAY 2023

Blockchain Law: Anatomy Of Staking Contracts

Miller Thomson
Miller Thomson
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This article explains the basics of crypto staking and key elements of staking contracts between staking service providers and token holders in Canada and internationally.

CanadaTechnology
Kirk Emery
Kirk Emery
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Overview

This article explains the basics of crypto staking and key elements of staking contracts between staking service providers and token holders in Canada and internationally.

Basics

Staking promotes the informational integrity of blockchain networks by appealing to the self-interest of token holders. Staking involves pledging tokens as collateral to the blockchain network and proposing the addition, and validating the addition by other validators, of serial blocks of information to the blockchain ledger. In exchange for the work, blockchain networks pay tokens denominated in the native tokens of the network.

Staking is characteristic of networks like Ethereum and Solana that use the proof-of-stake (PoS) consensus model of information validation. Proof-of-work (PoW) networks like Bitcoin do not involve pledging tokens and use different informational validation processes. In PoS networks, the proposal and validation work is performed by computer nodes in

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