I like the idea of what poswallet is doing I actually have some alts staking on the site. I want to invest in posw my question before is do we have to download the wallet to receive dividends or can we use the wallet for posw on poswallet.com and still get paid dividends? I seen it says any address that holds posw will get dividends just want to be clear before I invest thanks in advance
Quoting because I also want to ask same question.
Another one is do we need to keep other coins also on POSW wallet to stake them?
you can keep your coins in your own wallet to stake them. POSWallet, is like staeking pool. if you mine alone with shity computer, you have little change to actually mine a block. If you mine with pool . Pool will have biger change to mine a block, and block reward will be divider with all pool miners. POSW is same for stakeing, if members add, their coin together on wallet, POSW hosted wallet they find block more often, and reward will be divided by all coin owners who own balance in POSW, depending of their % on pool. If block reward is 5 coins, and you own 1% of bool then your reward will be 0.05 coins. What a bigger is total pool size then that often pool will get blocks.