What is staking on KILT?
The KILT blockchain is a Kusama parachain. Agreement on the information on the KILT parachain (consensus) is achieved by collators who produce “blocks” of data on KILT and pass them to the validators in Kusama, who then finalise the blocks and integrate them to the Kusama Relay Chain.
These KILT collators are backed by delegators – KILT Coin holders who trust the collators and use their KILT Coins to back them. Both the collator who produces a block and their delegators receive block rewards; the delegators only receive rewards during an initial phase of two years. This is called Limited Delegated Proof of Stake (LDPoS), and is KILT’s staking mechanism.