Post
Topic
Board Speculation (Altcoins)
Re: [XSN] StakeNet - Very Promising Project - Stake Your Coins OFFLINE.
by
Marcdk2
on 15/04/2018, 18:33:18 UTC
what did you mean with Stake your coins OFFLINE ?
because how can we stake our coins in offline, ?
can you explain me about this
thank you

It's a brand new technology that has been developed on the project. See the screenshot below:

https://i.imgur.com/ryhIDoM.jpg

There is a tab in the wallet itself called TPOS. If you click on it, you get the following screen.
When you've found a merchant (Again, it can be anyone staking. Requirement is a computer to be running 24/7, or a VPS, just like normal staking), you can both agree on a staking percentage commission. This means, that each time the merchant stakes your coins for you, he will take a commission for it. It's up to you and the merchant to agree upon a fair commision. Once the contract has been made you can turn OFF your computer, and STILL stake, because your merchant will do it FOR YOU.

The merchant will NOT have access to your coins, this is why it's called Trustless proof of stake. You will use a shared key called a merchant address to verify each stake transaction.


This means, that once Ledger is done examining our code base, and they integrate XSN, you will be able to store all your XSN on a ledger, AND stake it at the same time, using a merchant.