I mean like once you've generated or used your private key online, the wallet is now a hot wallet right? You've exposed your private key.
With electrum you can generate and use your private key to send/sign transactions all offline. So you never expose your key, your wallet is a cold wallet. Myetherwallet can also do this.
So i just want to know if POS coins can do this too?
Topic: Is it possible to setup an offline/cold wallet masternode? (Read 154 times)
Hello anticomformist,
It depends on what you mean with "offline/cold wallet masternode". A masternode seeds the blockchain, validates transactions and blocks roughly speaking.
These are both things that require the node to be connected to the internet. In case you are referring to cold staking of coins, there are a few coins that have presented ways of achieving this.
The following article on medium explains the different kinds of solutions developers have come up with to enable the cold staking of coins (here).
In the future we might see more coins having implemented the means to facilitate cold staking.
With kind regards,
The Anycoin Direct team
It depends on what you mean with "offline/cold wallet masternode". A masternode seeds the blockchain, validates transactions and blocks roughly speaking.
These are both things that require the node to be connected to the internet. In case you are referring to cold staking of coins, there are a few coins that have presented ways of achieving this.
The following article on medium explains the different kinds of solutions developers have come up with to enable the cold staking of coins (here).
In the future we might see more coins having implemented the means to facilitate cold staking.
With kind regards,
The Anycoin Direct team
The only difference between masternode coins and Bitcoin is that they have POS and BTC is POW. It's all about generating the coins, everything else should be the same. It's possible though that the software you're using don't support the same features as Electrum.
Is it possible to setup an offline/cold wallet masternode?
For example you can setup a bitcoin offline/cold wallet with electrum. Here's an excellent guide https://bitcointalksearch.org/topic/creating-an-offline-electrum-wallet-using-a-bootable-usb-linux-key-416881
So how about masternode coins?
For example you can setup a bitcoin offline/cold wallet with electrum. Here's an excellent guide https://bitcointalksearch.org/topic/creating-an-offline-electrum-wallet-using-a-bootable-usb-linux-key-416881
So how about masternode coins?
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