Common use of Staking to Member Nodes Clause in Contracts

Staking to Member Nodes. In the initial, permissioned phase of the Hedera Network, each Member Node has an equal stake for the purposes of calculating consensus. It is expected that, when the Hedera Network introduces the ability to stake Coins to Node Accounts, Hedera will stake an amount of Coins to each Member Node’s Node Account. Such staked Coins will not be owned by the Members and will be allocated for the sole purpose of ensuring the security, stability, and functionality of the Hedera Network.

Appears in 6 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

AutoNDA by SimpleDocs

Staking to Member Nodes. In the initial, permissioned phase of the Hedera Network, each Member Node has an equal stake for the purposes of calculating consensus. It is expected that, when the Hedera Network introduces the ability to stake Coins to Node Accounts, Hedera will stake an amount of Coins to each Member Node’s Node Account. Such staked Coins will not be owned by the Members and will be allocated for the sole purpose of ensuring the security, stability, and functionality of the Hedera Network.

Appears in 1 contract

Samples: Limited Liability Company Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.