SaaS
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Pronunciation
[sas]
Definition
Abbreviation that, in the blockchain staking context, typically stands for Staking-as-a-Service. A third-party service that manages staking operations for users.
Key Points
Simplifies participation in Proof-of-Stake networks.
Providers handle technical aspects of running validator nodes.
See 'Staking-as-a-Service' for full details.
Caveat
SaaS is also a very common abbreviation for 'Software-as-a-Service' in the broader technology industry. Context is important to determine which meaning is intended.
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