Quote from: dutch_loneranger on October 24, 2019, 05:37:11 AM

Yesterday there is released a sneak preview how coldstaking works.

https://t.me/solariscoin/103774

This is copy-paste from telegram . Andys words.

Hey everyone!

Do you want to see how easy it will be to set-up cold-staking in the new Solaris Core wallet? Check out the video!

Process is simple:
1. Fund your wallet with XLR as normal.
2. Click into Cold-Staking tab.
3. Click "NEW SETUP".
4. Enter the amount you want to start staking, and a Hot Wallet address. The Hot Wallet address is a specially generated address from another wallet which will always be online and staking the coins. You can either set-up your own wallet on a VPS to do this, or use a third-party service wallet address.
5. Click "SEND"! That's it, the coins stay safe in your own wallet, while the "HOT WALLET" does all the staking work.

To withdraw the coins from Cold-Staking, you simple provide the address to send your cold-staking coins back and the amount you want to withdraw.

Using Cold-Staking the coins always stay in your own wallet. The HOT WALLET has no access to them and there is no way to get access to your funds even if the HOT WALLET gets hacked.

The new look Solaris wallet is coming along nicely, I am really liking how easy it will be to do cold staking. I really think this is the future when it comes to staking and its good that Solaris is taking the steps to get ahead of the pack.