what is the difference between deferred and cold staking? is Dnotes the only coin with deferred staking?
Hi gres91! Welcome to our forum.
Deferred staking and cold staking are the same thing. We have created the process ourselves, and to our knowledge nobody else has developed anything similar. It works like this:
* You have a wallet, and you want to run a staking node. This requires you to hold your coins in that wallet while it stakes in the case of all POS coins today. This means your coins are 'online' in a 'hot wallet' while you're staking, which is less secure than having them stored offline, or in an online vault who takes care of this for you. Standard staking would also mean that running a node would preclude our users from earning the additional 2% annualized payout at our DNotesVault for storing your coins there - because you can't have your coins in two places at the same time, to earn each reward.
* Cold / deferred staking allows you to get any wallet, and defer its staking privileges to another wallet with a single click. This means your coins can be in one place, but behave like they're in two places at once without any security risk. The wallet that has given away its staking privileges can be forever offline after, and doesn't need to be decrypted to broadcast the staking privileges to another wallet (extra security). Every other part of the process can be completed offline (including the actual deferral of staking command, so you can log out of / encrypt your wallet, and then take it online to broadcast the defferal to the network).
* This means that one wallet can do staking for two wallets. The staking reward is paid to each respective wallet, depending on their balances. The cold wallet receives the reward for all balances it has got the online wallet to stake on its behalf for. DNotesVault accounts will able to grant staking privileges to external wallets running nodes.
* This adds and extra layer of security for people staking on our network. It also means they can get even greater rewards by holding their coins at our secure (and insured) online vault while running an external wallet node to support our network.
We do everything we can to make things as simple as possible for our users. This is a crucial security feature in our view, and we have done all the work in the back-end so that cold staking is as simple as a single click.
Security, and simplicity.
DNotes is different in many ways. We are always willing to go the extra mile for DNotes' stakeholders based on a simple philosophy: we will do things others wouldn't for the benefits and success of our stakeholders so that one day we are in the position to do things others can't do.
Smokeys Gardens https://smokeysgardens.com/ is a prime case in point. With an initial investment of $500 we became the largest daylily grower in the world in ten years. With the economy of scale we now have the land (70 acres), equipment, process, man-power, and other resources to plant, harvest, and ship more daylilies in a few days than our competitors could in the entire season. Success in business does not happen by accident. It starts with a clear vision and a great deal more ....... DNotes follows the same business model.
This is certainly true. We follow the criteria of building success that are not immediately obvious to people.
We work in a tightly integrated and internal manner that has allowed us to obfuscate our advantages to our competitors, who have focused instead on production - what is measurable and visible - but easy to replicate. We instead focus on production capability, or the source of power that makes production possible. If you internalize the focus to production capability -- as is the case with our basis for a business ecosystem to support DNotes -- you become much more able to grow rapidly when it comes to production, and creating what is measurable and visible but without being easily replicated. The myopic focus on creating something of lesser value now in the crypto-space is like what Stephen R. Covey called "the person who runs 2 hours a day, then gloats to you about how they're going to live longer... but neglects to mention that they're spending all their time running." There is not a lot such a person can do with the extra time. Better to spend time on more productive endeavors.
DNotes Global have implemented winning business strategies accordingly - strategies that appear completely lost on most, if not all other operators and investors within this industry at the moment. That is soon to change once the value of superior production capability is demonstrated as a better vehicle for producing tangible outputs over merely producing whatever you can in the moment (like, say, an ICO for garbage-grade investment in a business with only a white paper and no customers... anyone...? - funnily, it seems many).
Better production capability requires a lot of planning. DNotes was planned with the end in mind, and with a focus on meaningful objectives & production capability that will be difficult at best to compete against.