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Q: What is Penumbra Network?

Penumbra is a privacy-focused blockchain network that enables private transactions within the Cosmos ecosystem. It aims to provide users with complete financial privacy while maintaining interoperability with other blockchains.

Q: How does Penumbra ensure privacy?

Penumbra uses advanced cryptographic techniques, including zk-SNARKs, to ensure that all transactions are fully shielded, protecting users' financial data while still allowing them to interact with other networks.

Q: What is PEN, and how is it used?

PEN is the native token of the Penumbra Network, used for governance, staking, and securing the network through validator delegation.

Q: How can I stake PEN on the Penumbra Network?

You can stake PEN tokens directly via Simply Staking by clicking the "Stake" button above. This allows you to delegate your tokens to a validator, contributing to network security while earning rewards.

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Simply Staking > Crypto News > Penumbra

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Penumbra

Penumbra is a privacy-focused blockchain offering shielded transactions and private DeFi functionalities within the Cosmos ecosystem.

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FAQs

What is Penumbra Network?

How does Penumbra ensure privacy?

What is PEN, and how is it used?

How can I stake PEN on the Penumbra Network?

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