Tezos uses a unique consensus mechanism called ‘Liquid Proof-of-Stake’ that enables token holders to participate in the network while always remaining control of their tokens. When Token holders delegate their tokens to bakers, they will receive a staking rewards from the baker, however, token holders transfer their voting rights for upcoming proposals. When delegating to a baker, token holders always have the freedom to switch bakers at anytime and have full ownership of their tokens at all times, thus always being ‘liquid.’
The source of information from the video is transcribed from Jacob Arluck’s article: https://medium.com/tezos/liquid-proof-of-stake-aec2f7ef1da7
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