Considered as a general concept, staking has a number of potential effects:
- The self-interest of being a stakeholder on the network leads to better network stewardship.
- Blockchain fostered decentralization makes the network harder to attack (no single point of failure) increasing network security.
- Incentivization of stakeholders (money earning potential) leads to better behaviour online.
Beyond research into the terms, technical requirements and potential benefits of network staking, Heather’s ongoing research looks at the following questions:
- To the extent that staking might be revenue generating, what would it mean for an arts organization, like 221A, to run a node and stake online?
- As a nonprofit entity what are the terms under which an arts organization is a business?
- What are the security risks of staking as a defacto custody of your crypto assets?
The staking internet is the next internet. BACP Editorial Director Rosemary Heather outlines a brief history of this emergent culture that blockchains make possible, in her research paper “The Staking Internet.” Read it here.
Blockchains & Cultural Padlocks
A four-year digital strategy initiative by 221A that drives research and engages civil society with the challenge of developing a digitally cooperative culture through the advancement of blockchain technologies across cultural, educational and non-profit sectors. The values-led Blockchains & Cultural Padlocks digital strategy works towards recommoning land, data and objects.
