Alriiiiiiiight my friends, this is the post so many of you waited for – the ultimate HOW THE HELL DOES PROOF OF STAKE WORK tutorial from A to Z.What is Proof of Stake and what is the difference to Proof of Work?
Let us begin with the very basics of Proof of Stake first. Proof of Stake ( POS ) and Proof of Work ( POW ) are basicaly two methods to mine cryptocurrencies.
While on the one side Proof of Work is calculating Blocks & new Coins with the use of GPU/ CPU – which is highly inefficient – Proof of Stake is generating the Blocks / Coins by – basicaly said – sharing your Coins in a secured Wallet with the complete Network. For being [...]
i saw that a lot of people had trouble in the last days to update their wallets because so many coins forked/updated.
In general you have to understand that almost every Fork performed moves the Coin to a new blockchain – blockchain updates are MANDATORY Updates for you to do. If you stake on the old Chain your stakes may be worth 0 because the “correct” Wallet is running on a different blockchain.Prepare your Fork!
Starting the Fork your first and most important step to do is closing the wallet!
Now you please navigate to your AppData/Roaming/ folder. If you dont know how to navigate to this Folder simply type %appdata% [...]
Today we gonna have a look at a feature so many of you were already looking for. We found a way how to receive a push notification on your Smartphone (iOS/Android) whenever one of your Wallets hits a reward! This is nice if you plan to use coin control after every reward. You also dont have to check your Server 24 / 7 anymore.
Alright fellas, here is a list of tools you will need for this before we can start with the setup:Install Python on your Windows machine -> Download Python Install PushBullet App on your Smartphone Register an Account for PushBullet -> Register
Once you managed to do this you are ready to setup your PushNotifications.Get Python Ready [...]
another day, another Tutorial.
Today I want to talk with you about a big problem I figured out in the last weeks. So many people have trouble setting up the necessary Node config to sync their wallets. In this tutorial i am going to explain you what are nodes, why they need to be added and ofcourse I will give you en example file you can use for a lot of Wallets.What are Nodes and Why do I have to add them?
Okay, first of all a general information. Wallets need connections to the network they use to download blocks and send transactions. Therefor each Wallet is using their own IP Adresses (Nodes) to make this possible. Usually all needed Nodes to [...]