Post
Topic
Board Announcements (Altcoins)
Re: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake
by
JB395
on 05/12/2019, 19:47:20 UTC
Quote from: ”frcat”
But will I get for node if I dont have any coins?
The Qtum Core wallet application has three operating modes:

#1 a full node which makes peer-to-peer connections to the Qtum network, syncs the blockchain, and validates and relays all blocks and transactions

#2 a wallet which holds private keys and allows sending transactions and showing balances, and

#3 reaching proof-of-stake consensus as a block producer by staking coins.

The wallet can be operated in any of these modes: #1, #1 + #2, or #1 + #2 + #3.

Quote from: ”frcat”
But will I get for node if I dont have any coins?
Yes, operating a full node (#1) does not require coins, and in fact can participate in the Qtum Galaxy Full Nodes contest now.

Quote from: ”frcat”
For staking there is not needed run a node?
Only the Qtum Core wallet, running as a node, wallet and proof of stake consensus (#1 + #2 + #3), can participate in staking.

Quote from: ”frcat”
What about staking rewards? How many annual % rewards?
The current block reward is 4.0 QTUM, plus a share of transaction fees and gas. I answered the annual ROI question previously, about 5%.

Hope this helps.