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Title: Staking - Stake mining - proof-of-stake minting Post by: Andromed4 on August 10, 2017, 03:14:13 PM Staking:
What does it exactly means? Do you need a specific wallet for this to do, or does this automaticly happens when you just hold coins on Bittrex or do you need "Electrum wallet for it or even a Nano Ledger? Was planning to do something with my STRATIS coins. Sorry in advance if this is allready been discussed or a very dumb question..:) Title: Re: Staking - Stake mining - proof-of-stake minting Post by: Watanabe1505 on August 10, 2017, 04:29:10 PM You can mean Proof-of-stake (POS) algorithm in the easiest way is capability of coin mining based on your own total coins in a duration. For example, if you have 10.000 STRAT with interest rate is 10% annual you will get extra 1.000 STRAT ( total 11.000 ) for first year. And if it will be held for the next year you will get total 12100 coins...
I'm not sure that POS works if you hold your coins on exchange wallet. So I suggest you should store it on non-exchange wallet. With STRAT coins you can find it at https://stratisplatform.com/wallets/ |