Bakers (Tezos)
Web3 / mining staking
Bakers are validators on the Tezos blockchain who participate in the network's Liquid Proof of Stake (LPoS) consensus mechanism by creating blocks and validating transactions. Unlike traditional proof-of-stake systems, Tezos bakers can be delegated stake from other token holders who don't want to run their own infrastructure, creating a fluid delegation system where token holders maintain ownership while earning staking rewards. Bakers earn transaction fees and block rewards proportional to their stake, and the system implements slashing mechanisms to penalize dishonest behavior, incentivizing honest operation of the network. Example: The Tezos Foundation runs a baker service that accepts delegated XTZ from users worldwide, combining their stake to increase block proposal frequency, and distributes earned rewards back to delegators after taking a modest commission. Why it matters for mining and staking: Tezos's baker model democratizes participation by allowing token holders without technical expertise to earn staking rewards through delegation, creating a more distributed and accessible validator set than purely self-operated staking models.
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