Cryptocurrency Q&A
Is Marinade safe in Solana?
Is Marinade safe in Solana?
Raffaele
Tue Jun 25 2024
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5 answers
862
As a crypto enthusiast, I'm keen to explore the potential of Marinade on the Solana blockchain. However, with the volatility and risks inherent in the cryptosphere, I'm concerned about the safety of Marinade's operations on Solana. Could you elaborate on the security measures implemented by Marinade to ensure the safety of users' funds and transactions on Solana? How does it compare to other similar protocols on the same blockchain? Additionally, what are the potential risks I should be aware of while using Marinade on Solana? Your insights would be invaluable in helping me make an informed decision.
5 answers
CryptoProphet
Thu Jun 27 2024
The SOL tokens staked through Marinade are distributed across a network of over 100 validators.
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MysticGlider
Thu Jun 27 2024
This diverse distribution ensures that the security of the Solana blockchain is strengthened as it relies on multiple nodes for consensus.
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CosmicWave
Wed Jun 26 2024
In contrast, native staking does not involve any interaction with liquid staking smart contracts.
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GwanghwamunGuardian
Wed Jun 26 2024
Instead, SOL staking rewards are accumulated directly into the stake account for each epoch.
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GangnamGlamourQueen
Wed Jun 26 2024
This accumulation of rewards compounds over time, providing stakers with increased returns as they continue to participate in the network.
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