Mybe they shoul copy NEM delagated harveting.
Something like cold POS same metod of doing it.
You create public delegated/cold stacking keys private/public and those keys are bounded on blockchain to your original account.
Shared keys have no power to touch your balance but others can "stacking for you" using those remote data.
You can mine remotely on others online accounts.
Such solution works in NEM for year so far and none can hack/exploit it.
I am pissed off why all POS coins didn't make such feature like NEM have.
Topic: Is Cold Staking a 'must have feature' moving forward for all PoS? - page 2. (Read 1818 times)
March 11, 2017, 05:36:51 PM
March 11, 2017, 05:13:36 PM
NXT has "Leased Forging", which is more or less the same thing. It has advantages and drawbacks: the advantage is that staking becomes more secure, but the drawback of NXT's design is that it encourages "staking pools" and thus can lead to centralization.
March 11, 2017, 10:15:04 AM
I absolutely think cold staking is the way to go for POS coins, but then I'm biased of course.
Bathrobehero raises a good point as to what it should be called though. Maybe we can get some suggestions in this thread?
March 10, 2017, 03:32:32 PM
would make it cryptolocker virus proof I think! Which is a plus
March 10, 2017, 09:27:23 AM
It's a nice feature but its name is confusing. Cold storage is offline storage so I thought cold staking would mean offline staking. But that would be dumb and you obviously need (one of) the wallets to be online.
It's closer to multisig but for staking, not for transactions. Not sure what it should be called though.
It's closer to multisig but for staking, not for transactions. Not sure what it should be called though.
It is a clever idea.. More POS coins will try to adopt it soon I am sure. It perhaps should give the network more security because more will risk staking their coins now rather than holding them in cold storage only.
March 10, 2017, 08:50:28 AM
It's a nice feature but its name is confusing. Cold storage is offline storage so I thought cold staking would mean offline staking. But that would be dumb and you obviously need (one of) the wallets to be online.
It's closer to multisig but for staking, not for transactions. Not sure what it should be called though.
It's closer to multisig but for staking, not for transactions. Not sure what it should be called though.
March 10, 2017, 08:32:55 AM
With Bitbay's announcement that they have will be implementing Cold Staking in the coming days I was wondering which coins use it, and if you think its a 'must' have feature moving forward for all PoS?
Im aware of one other which is Decred.
Just to familiarise yourselves with the term 'Cold Staking' - It gives you the ability to put two keys on separate computers. To break into your wallet the hacker would need to access both computers and break both keys.
Im aware of one other which is Decred.
Just to familiarise yourselves with the term 'Cold Staking' - It gives you the ability to put two keys on separate computers. To break into your wallet the hacker would need to access both computers and break both keys.
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