questions
1. why send 1000101 coins if the required amount is 1000000 and the fee is 100?
2. the directory name "staticnode" does not seem literally necessary, but for simplification of user process. Is it ok to use default data directory (or other user defined names) for single/multiple staticnodes?
3. when using the above procedure with a linux daemon, first syncing, then start with -datadir=staticnode, results in the new datadirectory syncing from scratch again.
do the staticnodes require the win qt for extra magic to happen?
4. if the procedure is completed, is there a way to tell if you are succesful?
5. the simple requirements seem to be having a wallet open and holding >= 1mill coins in a single address, no modifications of .conf file or commands to start static node seems necessary. is this the case?
1. The protocol plan has been changed now, so that extra transaction unit of 1 XBY will no longer be required.
2. The staticnode, staticnode2... etc. is just an example. You can use any folder name and does not have to say STaTiC... This is just for reference and assistance for those less experienced.
3. It is enough syncing just one. The other data folders can be copy-pasted to the next node folder. Only the wallet.dat file needs to be deleted after copied (or just don't copy it) and the first start of the xtrabytes-qt.exe will recreate a new empty wallet.dat file.
4. The STaTiC registration will be well controlled. Nobody needs to worry if its not successful at first. Our goal is to have a lot of independent STaTiC nodes and therefore we will help everyone who wants a STaTiC node. Each registered STaTiC will be public. If its a success then you will see your STaTiC. If the setup is not successful, then we will help.
5. You will need to change the config files. I will make a description later. Your wallet doesn't need to be open, it just needs to be open until you finished the STaTiC registration. Then you will get a special private key while registering your STaTiC. You will then use one empty wallet and this special private key. Securing of your self deposit is the FIRST step.
Thank you for your questions and interest in XtraBYtes!
Thanks, Pineapples!
Can't wait to see the new logo!
Bought myself some XBY from C-Cex
Good luck!!
Welcome to XtraBYtes!!
can you explain what's posign exactly?
what's the difference between pos and posign ?
Proof of Signature... This is a new consensus method that we will reveal tomorrow night. Its not like POS, there is no staking or mining... Totally different!