Post
Topic
Board Announcements (Altcoins)
Re: | STRATIS | The first blockchain developed for businesses |Full POS
by
Acetmesis
on 12/04/2019, 11:42:35 UTC
I heard about coldstaking idea to be implemented in Stratis and I see webpage with voting results which are about 50%
I'd like to know more about this feauture cause I am interested in coldstaking - with current 1%APR and my small amount stratis owned  it os quite unprofitable for me to run a wallet 24/7 online ;-)

Cold staking will still require that you operate a full node, so you will still have to be running a wallet 24/7 (unless you find a way to delegate to another full node, similar to a staking pool). Cold staking allows you to stake while you Strat balance is held in a different wallet, which can be held offline.

Cold staking is not about convenience, it is about security. The idea is that people are more comfortable staking by operating an online full node but with their staking balance offline in a different wallet than they are operating an online full node with their staking balance online in the same wallet. Thus, more people will be willing to stake due to improved security of their coins while doing so, and in turn the network is made more secure since the number of strat being staked overall goes up.