Native staking 🎉
The 0.27 release of Hedera Services initiates the first phase of HIP-406 (Staking). We deeply appreciate the community's feedback on this key feature!
As wallets and exchanges roll out client support, users will now have the choice to stake their hbar to a node. As nodes accumulate stake, from both individuals and organizations, they will become eligible to pay rewards to their stakers. At this point, once the 0.0.800 account balance has crossed a threshold to be set by the council coin committee, rewards will be permanently activated.
This will set the stage for the second phase of staking, in which a node's contribution to consensus becomes a direct function of its stake, and community nodes with sufficient stake can begin to participate in consensus. Please note the decentralized nature of this process makes it hard to predict exactly when each milestone and phase will be achieved.
The one immediately visible consequences of the 0.27 release will be that the consensus nodes handle CryptoCreate and CryptoUpdate transactions with staking elections. (So once your preferred wallet or exchange supports these transactions, you can elect to stake to a node.)
📝 Observant readers might recall that an earlier alpha release of Services 0.27 also enabled HIP-423 (Long Term Scheduled Transactions). This is a complex feature with some deep implications, and we have decided to defer its production arrival for one or two releases.
Contributors
We'd like to thank all the contributors who worked on this release!
- @alshapi
- @anighanta
- @bugbytesinc
- @CordonaCodeCraft
- @Daniel-K-Ivanov
- @dimitar-dinev
- @georgiyazovaliiski
- @ivanparnarev
- @IvanKavaldzhiev
- @jasperpotts
- @JeffreyDallas
- @joan41868
- @MarcKriguerAtHedera
- @Neeharika-Sompalli
- @OlegMazurov
- @qnswirlds
- @rbair23
- @rjuang
- @rusiboyadjiev
- @shemnon
- @SimiHunjan
- @statop
- @stoqnkpL
- @superboo
- @tdermendzhievv
- @tinker-michaelj