CashHand released its latest version 2.0 with the ability to cold staking.
cold staking allows a person to delegate their staking power to another wallet, but one that is not connected to the internet to keep coins safe and secure in an offline wallet. At the same time, an empty online wallet is connected to the offline wallet and earns rewards for it. This empty wallet can stay online 24/7 without running the risk of being hacked.
As keeping a wallet running all the time is not suitable for most people, either due to the cost of running a computer all day long or a bad internet connection, this is done via a VPS (virtual private server), which is rented. As running a wallet on a rented VPS increases the risk of coins being lost or hacked, cold staking can attach an empty wallet to a VPS to earn the rewards for them, all the while keeping their coins secure in an offline wallet, also known as a cold wallet.
There are benefits and drawbacks to this approach. For instance, if the stakeholder moves their coins out of cold storage, they won’t receive the rewards. But it is useful for stakeholders with a large sum of money who want to guarantee protection of their funds while supporting the network.
The CashHand Team has prepared its own server that is online 24 hours a day, 7 days a week, so that CashHand users can carry out their stakeouts.
The cold staking CashHand feature is very easy to set up, just follow the tutorial below.
https://cashhand.info/cashhand-cold-staking/
