|
Title: Cold storage & Staking Post by: thegreywizard on April 30, 2022, 05:41:07 PM I really only like to keep everything in cold storage
But I know that Staking is really taking a foothold as future-proofing crypto Is there any way to Stake, but have the security of Cold Storage? Is there any way to Stake while in Cold Storage Title: Re: Cold storage & Staking Post by: vv181 on April 30, 2022, 06:54:04 PM Is there any way to Stake, but have the security of Cold Storage? As far as I'm aware, you cannot.Is there any way to Stake while in Cold Storage By staking you are like committing your coins into the blockchain as part of a consensus. Whether you became a validator or just delegated your coins, the state of your funds couldn't be in cold storage. Title: Re: Cold storage & Staking Post by: Xal0lex on April 30, 2022, 09:07:00 PM If only it were that simple. Simply put, it's impossible. Or do you think that staking rewards are being charged to you out of thin air? Staking is the provision of liquidity to a protocol, which earns on your provided liquidity and gives you a percentage of those earnings. That is, roughly speaking, you are giving away your money for rent.
Staking from cold storage is like trading on a centralised exchange, but keeping your money in a cold wallet :) Title: Re: Cold storage & Staking Post by: Husires on April 30, 2022, 10:17:00 PM Why do you want to get more free coins if their value is constantly decreasing, meaning you are looking for the number of coins or their value?
1 bitcoin (proof of work) will still be 1 bitcoin after 3 years and the value is equal to one million dollars, but 1 altcoin will be equal to 30 altcoin after 3 years, but their value does not exceed 10,000 dollars.
|