6 Top Cryptocurrencies You Can Stake: An In-Depth Guide

Holders of XTZ can commit their tokens in exchange for the ability to validate blocks, winning rewards for doing so in a process known as “baking.” Participants who stake at least 8,000 tokens on the network also get voting rights, which allows them to weigh in on the project’s governance. Unlike traditional PoS platforms, Tezos lets holders delegate their XTZ to “bakers,” which enables users to participate in on-chain governance without the required 8,000 tokens.