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platform [2019/03/19 15:44]
dros initial paragraph added
platform [2019/06/04 03:16] (current)
cryptoguard [Particl Proof-of-Stake]
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 Cold staking is enabled by smart-contract functionality and lets users securely delegate staking powers to “staking nodes” which contain no coin. The purpose of these “staking nodes” is to provide a dedicated resource connected to the Particl blockchain and stake on behalf of another wallet without being able to spend its coins. Cold staking is enabled by smart-contract functionality and lets users securely delegate staking powers to “staking nodes” which contain no coin. The purpose of these “staking nodes” is to provide a dedicated resource connected to the Particl blockchain and stake on behalf of another wallet without being able to spend its coins.
 Cold staking nodes are intended to be used in combination with cold, hardware and paper wallets as well as multisig addresses, making it possible to stake “offline” coins with no risk of being hacked or exposing your public key to the network. Cold staking nodes are intended to be used in combination with cold, hardware and paper wallets as well as multisig addresses, making it possible to stake “offline” coins with no risk of being hacked or exposing your public key to the network.
 +
 Staking nodes can be set up on any device, secure or not, such as public/​cloud servers, virtual machines or RPIs. Staking nodes can be set up on any device, secure or not, such as public/​cloud servers, virtual machines or RPIs.
  
-===Cold ​Hardware ​Staking=== +**Useful Resources:​** 
-It is currently possible ​to cold stake funds stored offline on hardware wallet ​by [[ledger|setting up Particl wallet on Ledger hardware wallet]]While cold staking ​does not store any password in memory ​and delegates ​staking powers to empty staking ​nodes, ​cold wallet ​is still vulnerable when it's interacted with (i.ewhen transaction is executed) ​from an infected ​or untrusted computerHardware wallets fix this issue by not requiring any exchange ​of private key between ​the hardware ​wallet and the device/​computer it is connected ​to, thus making hardware wallets safe even when they are interacted with from an infected computer+ 
 +* [[https://​particl.news/​guide-setting-up-particl-cold-staking-f5d9073bac4|Setup a cold staking node]] 
 + 
 +===Cold Staking ​Pools=== 
 +Cold staking pools are to Proof-of-Stake coins what mining pools are to Proof-of-Work coins (i.e. Bitcoin). 
 + 
 +> In the context of cryptocurrency mining, ​mining pool is the pooling of resources ​by miners, who share their processing power over network, to split the reward equally, according to the amount of work they contributed to the probability of finding ​block. — Wikipedia 
 + 
 +In fact, cold staking ​pools allow you to “team up” with other stakers ​and combine your staking powers ​in order to earn more frequent ​staking ​rewards. All rewards earned while staking from pool are sent over to the pool operator, which then executes payouts proportional to how much you’ve contributed to the total amount of rewards the pool earned. This is particularly useful if you own fewer coins and still want to stake your coins as it means you’ll earn more frequent, but smaller, staking rewardsThe operator of the pool do not have access to your staking coins and can only manage the rewards. 
 + 
 +**Useful Resources:​** 
 + 
 +* **[[pools|Cold staking pool list]]** 
 +* **[[tutorials#​cold_staking_pool|Tutorials]]** 
 +* **[[https://​github.com/​particl/​coldstakepool|Source code]]** 
 + 
 +===Hardware Cold Staking=== 
 +"​Hardware Cold Staking"​ refers to the act of cold staking funds stored on hardware wallet such as a Ledger Nano device. This provides the same benefit as cold staking ​from any other device but adds an extra layer of security for when making transactions. 
 + 
 +Usually, even if you are cold staking funds that are stored offline, you still run a risk when transacting them or even by simply unlocking your walletThe reasons for this are multiple. A common case of coins being stolen at that point would be because ​the device on which you unlocked your wallet ​or made a transaction had been infected prior. 
 + 
 +Using hardware devices fixes that vulnerability. In fact, for an attacker to successfully steal your coins, they would need to have physical access to your hardware device ​and have the correct information ​to unlock it. This solutionhowever, generally doesn'​t let PoS coins stake blocks as they are not connected to the internet in any sort of way. 
 + 
 +Particl Proof-of-Stake enables coins that are stored offline on hardware devices to stake blocks and earn staking rewards. 
 + 
 +**Useful Resources:​**
  
-Combining cold staking and hardware security effectively makes PPoS the most secure Proof-of-Stake protocol in the industry and fixes several issues generally associated with the Proof-of-Stake consensus protocol in general. ​+* [[ledger|Store your PART on Ledger]] 
 +* [[ledger_staking|Stake your funds on Ledger]]
  
 ===Quantum-Resistance & Privacy=== ===Quantum-Resistance & Privacy===