Algorand rolls out crypto's most inclusive staking rewards program [Globe and Mail, The (Toronto, Canada)]
CompX International Inc. (CIX)
NASDAQ:AMEX Investor Relations:
compxinternational.gcs-web.com/investor-relations
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Source: Globe and Mail, The
SINGAPORE Jan. 23, 2025 /CNW/ -- Staking rewards have arrived on the Algorand blockchain. The Algorand Foundation announced today that, after this week's consensus mechanism upgrade, 'block rewards' are now being paid, in real-time, to validators successfully proposing blocks to the Layer-1 blockchain. The rewards begin at 10 ALGO per block and will decay by 1% every millionth block. Validators also receive 50% of the transaction fees of the blocks they successfully propose. More information about this upgrade and "Algorand 4.0" can be found "The Algorand blockchain does not fail, it will never fork, and now, it also offers robust, future-proofed staking." Algorand's staking program is unique in the industry. Rewards are paid out in real-time and, unlike the staking setups on Solana Ethereum , and other chains, participants are not threatened by slashing nor subject to restrictive token lockups. Node runners continue to have full access to their funds at all times. Also, compared
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- 11/5/25 - Form 8-K
- 11/5/25 - Form 10-Q
- CIX's page on the SEC website