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Edgeware Mod 5C2C49BE-0B07-4C3F-8D36-B1FB2C7ACC0C Created with sketchtool. 186 Stranger 3 Oct 4 2023 9:12

What are the requirements for staking?

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I am new to staking and I am wondering what are the requirements for staking? Do I need a certain amount of cryptocurrency? Do I need a specific type of wallet? Are there any technical skills required? Any advice or resources would be greatly appreciated. Thank you!

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undefined 5C2C49BE-0B07-4C3F-8D36-B1FB2C7ACC0C Created with sketchtool. 0 Stranger 0 Oct 4 2023 9:13

To become a validator, you will need a computer that meets the latest specifications, a stable and fast internet connection, and EDG to stake. If you do not have EDG to stake, you can convince nominators to nominate you. Once you have enough stake to make it into the validator set, you can start validating.

On the other hand, becoming a nominator is relatively easy. You only need to have some EDG to stake.