Why should DOT pledge mining (how long can DOT pledge be withdrawn)

Why pledge mining DOT Why pledge mining? Why does Boca’s native asset DOT pledge mining

According to DeBank data, as of 12:00 on August 18, the total value (TVL) locked in Ethereum had exceeded $2 billion, and the tokens locked in Ethereum currently amounted to more than $1 billion. The largest transaction of DOT was the theft of 1 million DOTs, which means that the price of DOT will increase from $0.005 to around $0.013; If the ETH price drops below 0.022 USDT, users will need to pledge 32 DOTs to continue receiving rewards, which will take approximately 7 days Why should DOT pledge mining? Because in PoS, each block generates a new validator node to perform each step of the validation network operation. Therefore, when both the witness and the nominee are added to the system, it will have an impact on the stability of the entire system. In order to make this event more robust, feasible, and efficient, the project chooses to provide an incentive mechanism for each participant, encouraging them to contribute their funds while ensuring the safe operation of the network and maintaining its healthy development Polkadot is a public chain composed of multiple blockchains. These blockchains can communicate and interconnect with each other, jointly building a decentralized global ledger, and anyone can call their blockchains through smart contracts. This consensus protocol can achieve multi-party computing and ensure consistency in data transmission across different blockchains Since many blockchains are open source, we hope to make it easier for everyone to understand how to create their own Dapps. For example, we can create our own decentralized applications or development tools on Ethereum without the support and management of third-party companies or other intermediaries; Some blockchain based applications can also be used. However, due to the different uses and functions of different blockchains, we believe that they should be compatible with each other; In addition, there are many other things that cannot be combined well, such as allowing people to establish dApps on it, and so on But for individuals who want to use blockchain technology, the most important thing is whether it has enough liquidity and practical underlying infrastructure. In this case, you only need to transfer the Cryptocurrency in your account to a specific address Before pledging mining with DOT, we must consider the following three questions: first, if you have DOT tokens, do you have DOT as collateral in your account? Secondly, what is the identity of the DOT holder? What is the difference between the coin holding situation of DOT and its relationship with community members? Finally, is your account affected by some type of entrusted service

How long can the dot pledge be withdrawn

According to reports, how long can the dot pledge be withdrawn from the DOT? According to ETHSCAN data statistics, nearly 100000 nodes have pledged 1000 DOTs. If calculated at this speed, it may not be possible to receive these DOT unlocking rewards until April 14th, which means that currently only about 400 validators are involved. (Note: Before the Ethereum 2.0 beacon chain goes online, users need to wait about 2 months to receive a new status update distributed to them (i.e. the verifier), so that the normal operation time of the entire network will not be affected).