EOS Blockchain Guide
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Staking Tokens for Resources

EOSIO account holders and users acquire bandwidth, processing power and storage on the blockchain in proportion to the total number of EOS cryptocurrency native tokens that they staked. For example, if a user owns and stakes 3% of all EOS cryptocurrency trading tokens, the user will be able to use up to a total of 3% available bandwidth on the blockchain.


Staking EOS cryptocurrency

Image 1: Staking page.

EOSIO Blockchain Resources

Anyone that needs to perform actions on the ecosystem will need 3 types of its blockchain resources:

 CPU: CPU is the processing power that users can use on the ecosystem by staking EOS coin. If users do not have sufficient CPU resources, every action that they perform on the blockchain may take more time to complete.

 NET: NET refers to the network bandwidth of the EOSIO ecosystem that users can use by staking native tokens on its blockchain.

 RAM: RAM can only be bought with EOS cryptocurrency coins and cannot be acquired from ethereum and bitcoin trading directly or through staking. RAM is not a new cryptocurrency and is not an altcoin, it is used by users to store and record data on the blockchain. When users create new EOSIO accounts, they should buy some RAM to store information of their accounts, for example, store ownership information of other tokens that belong to the users. For now, around 5k of RAM should be sufficient to create an account.


Staking EOS cryptocurrency

Image 2: Buying and selling RAM.

Unstaking Tokens

When users staked new cryptocurrency tokens to acquire resources on the EOSIO blockchain, they will not be able to access those tokens until they unstake them. It will take 3 days for the unstaking process to complete before those cryptocurrency tokens will be returned to the unstaked balance of the users.


Voting

Owners can use their EOS cryptocurrency trading tokens to cast votes with Delegated Proof-of-Stake (DPoS) consensus protocol and influence on-chain governance in proportion to the owner's new cryptocurrency stake. In contrast, users cannot use bitcoin or ethereum altcoin to vote. Network resources cannot be acquired from bitcoin and ethereum altcoin as well. The Delegated Proof-of-Stake (DPoS) voting protocol is invented by Daniel Larimer who is also the founder of Bitshares decentralized cryptocurrency exchange.


Daniel Larimer

Image 4: Daniel Larimer.

NEXT: Read the Complete EOS RAM Guide