Background
There are 3 Resources on the EOS Blockchain, they are CPU, NET and RAM. These resources are what run the EOS network. The way you get access to these resources is through Staking your tokens for CPU and NET or buying RAM on the RAM market.
The amount of EOS tokens you need staked depends on what your intentions are. If you intend to HODL and only transfer tokens occasionally then you wont need a big stake. However, if you're a dApp you may want to have significantly larger stake for extra resources, likewise with purchased RAM.
The amount of Tokens that you have Staked for CPU and NET are also the amount of Voting power that you have to vote for your favourite Block Producers. If you do not intend to liquidate or transfer your tokens we recommend keeping your tokens staked and used to vote for a full 30 Block Producers. Staking also acts as the best defence for the security of your tokens. If someone managed to get your keys and wanted to transfer the tokens out, this would be hampered by the Unstaking rule of 3 days.
If you would like to transfer or liquidate your tokens you must then go through the Unstaking process which will take a full 3 days to revert back to an Unstaked state for you to transfer freely.
How to Stake
- Head over to http://eostoolkit.io/
- Attach Identity with Scatter (see Scatter tutorial)
- Enter your creator account name and account name (usually the same) - this can be found in your scatter identity.
- Allocate your NET and CPU in either the Delegate section
- Finally hit the Stake button
How to Unstake
- Head over to http://eostoolkit.io/
- Attach Identity with Scatter (see Scatter tutorial)
- Enter your creator account name and account name (usually the same) - this can be found in your scatter identity.
- Allocate your new NET and CPU
- Finally hit the Unstake button - note this will take 3 days to complete.
For a more detailed outline of EOS Resources have a read of this great article put together by EOS New York
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