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    Baking

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    In the context of the Tezos blockchain, baking refers to the process of validating transactions and securing the network. Bakers are similar to miners in proof-of-work systems, but instead of using computing power, they use a proof-of-stake mechanism. Bakers are selected to validate blocks based on the number of XTZ tokens they hold and have staked. In return, they receive rewards in XTZ. Baking helps maintain the integrity of the network while offering an incentive to those who participate in securing it.

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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