After the blockchain fully syncs, split the coins, starting from a single UTXO of 1,001 in this example: The result is 9 UTXOs of size 100.0 and one of size 100.998 (because the transaction fee was 0.002). Open your wallet through the official webwallet application, by opening this link: https://qtumwallet.org/. QTUM Staking – Everything You Need to Know. Download from qtumeco.io or GitHub. QTUM staking is the process in which, by investing in said coins, you are able to increase the value of the network, build trust and secure it. Be the first to share what you think! Any resized UTXOs must mature for 500 confirmations before they can be used for staking. This upgrade happened when QjBsaWCA19BQ76JgJbJvYzMsyAnhGQytEQ mined block 680,000 at 3:11 PM (EST) on Friday, August 28, 2020. Payouts are made with each mined block. This blog shows how to set up a super staker on Testnet in 6 easy steps. People already running staking can continue doing that, unchanged (provided they update for the hard fork). Launch the wallet on Testnet. These bite size cherry tomatoes are super sweet and extra high in Vitamin C. Many gardeners feel this delightfully sweet garden candy tomato is hands down the best cherry variety! During the campaign, every 30 days (May 1st, June 1st and July 1st to be more specific) at 18:00:00 (GMT+8), 100 valid addresses will be randomly selected to receive US$ 50 in QTUM each, To be eligible for the lucky draw, Valid Addresses must accumulate 20 days of delegation and win a block reward from their Super Staker within the monthly period. 100% Upvoted. 1. * Calculation assumes 5% staking return (can change dynamically), delegation weight 5x super staker’s self staking weight, plus QTUM Rewards. The “mutualized” approach of ten block reward payments of 0.4 QTUM over 510 blocks changes to a single block reward payment of 4.0 QTUM which may be split between the super staker and delegated address. The super staker must be able to reference any address on the blockchain (address index) and read log events (for smart contract information). 4. https://blog.qtum.org/qtum-super-staker-easy-setup-guide-e81afdd1eaac Why nominate Staked? Qtum Neutron and x86 based virtual machine. Unspent Transaction Output (UTXO) is the atomic unit of value for blockchains that use the “UTXO” model for storing value in transactions in the blocks (e.g., bitcoin and Qtum). 3. Use the trident split button or the “splitutxosforaddress” command to resize the UTXOs you sent to the receiving address. The delegations contract is a special contract with a “vanity” address hex 86. You can also lookup the transaction on the Explorer testnet.qtum.info. The coins will not be visible in the wallet until the blockchain fully syncs. The Qtum Core wallet provides online Proof of Stake and can be launched and configured to operate as a Super Staker and receive address delegations. Proven Partner: We're the staking partner of choice for 40+ crypto funds and thousands of investors. 2. Launch the wallet for superstaking and initial blockchain sync: This uses the default super staker settings of 10% fee and 100.0 QTUM minimum size to accept for staking, or override these values adding the startup parameters “-stakingminfee=n” and “-stakingminutxovalue=m” respectively. A UTXO is a small bit of data holding a “coin” value in a block which can only be unlocked and spent by a wallet holding the private keys for the address tied to that UTXO. Paste the stacker wallet address into the address field. 2. Let the wallet fully sync the blockchain, then encrypt and backup the wallet. Qtum Offline Staking is non-custodial, which means that users delegating their addresses retain full control of the coins and private keys. Download and install the Qtum Core wallet version 0.19.1. No, delegations work based on the delegator’s Qtum address. Which network metrics do the rewards depend on? Offline staking on Qtum follows a major protocol upgrade at the end of August. Shrubs, Roses, Evergreens, Trees and Perennials Materials and Tools Needed Soil Conditioner Bio-tone® Starter Plus Top Soil: for sandy soils Peat Moss: for sandy soils and acid-loving plants Tools: Shovel, gloves, knee pads or kneeling pad, knife Staking kit for larger trees Soil Types There are three basic soil types – Sandy, Normal and Clay. Qtum and Blockpass are working together to make client KYC regulations easy and inexpensive to deal with. 0 comments. Click to view the text version of the tutorial, 30 days online time staking 1,000+ QTUM 1. ... QMessageBox::information (this, tr (" Super staking "), tr (" Enable super staking from the option menu in order to start the super staker. To configure the Qtum-Qt wallet for a Super Staker, select Stake – Super Staking and the "+" button to add a new Super Staker. Qtum Hard Fork 0.19.1 will introduce Offline Staking, allowing users to stake Qtum coins without full nodes. Block rewards for version 0.19.1 are made in a single block for the full amount of the “subsidy”, currently 4.0 QTUM. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. ")); 2 src/qt/superstakeritemwidget.cpp. ... J to jump to the feed. share. 6. As an example for the 5,000 QTUM Super Staker with 25,000 in delegations: 5,000 x 5% = 250 (self staking), 25,000 x 10% super staker fee x 5% = 125 (delegate staking), $US 500/5.3 per QTUM x 4 periods = 377 (prizes) 752/ 5,000 = 15% annualized. Super Staking. 1. 1. A good number for staking UTXO size is 100 QTUM (which is also the minimum size UTXO used for staking by the Super Staker), for example, a Super Staker with Delegate Weight of 5% of Network Weight should stake with 100 UTXOs giving a Wallet Weight of 10,000 QTUM. Click “OK” and the super staker is ready. Should I "Super Stake" or "Normal Stake"? It can also be called ‘cold staking’, because even the coins in cold wallets can participate in consensus. Go to the Stake — Staking page and click the Staking button to the right (and enter the passphrase) to enable staking. The QTUM project successfully activated its Offline Staking upgrade on the QTUM Mainnet. 2. Qtum Super Staker: Easy Setup Guide A step-by-step guide on setting up the Qtum Core wallets Qtum-Qt and qtumd as a Qtum Super Staker! best. Next, go to Settings — Option — Main and check “Enable super staking”. 3. This may take several hours, depending on your computer. The Qtum Stake-A-Thon Program was a huge success as over 2 million Qtum addresses were activated. To stake QTUM coins it is recommended to run the official Qtum Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS). The super staker will accept delegations that meet their fee, or higher. These UTXOs must mature for ~18 hours before they can be used for staking. Add a new super staker using Stake — Super Staking — “+” button, enter the Staker name (local reference only), and select the Staker address. The staker can accept delegations now if they have a fee of 10% or higher. See delegations received on the Stake — Super Staking page using the “Delegations…” button, showing the address and mature weight for each delegation. At this point, the second address has been delegated to the super staker, and the second address is now filled with 100 QTUM UTXOs for optimum staking. Earn Qtum (QTUM) Staking Rewards. To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only. Prize US$ 50 in QTUM Winners 300 Winners. It has been a while now since cryptocurrencies and blockchain have been defined as transformative for finance and many more industries. Rewards will be automatically distributed to users’ mainnet address. User account menu. qtumd Super Staker. Explore, If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. hide. For example, if the UTXO of a delegated address wins the block reward for a 10% fee super staker, the super staker pays out that block reward instantly 90% to the delegate (currently 3.6 QTUM), and 10% (0.4 QTUM) to itself. Contribute to qtumproject/qtum development by creating an account on GitHub. Change the fee to 6%, then click on “Confirm”. 3. Check detailed Guide on Decentralized Zero-fee staking 1. Offline staking, as the name implies, is a feature that lets users participate in the network consensus without having to have a full node online at all times. The super stakers are essential in this environment. The Desktop GUI wallet Qtum-Qt allows configuration of multiple Super Staker addresses with different fees and minimum UTXO sizes. 4. 2. 3. 5. A step-by-step guide on setting up the Qtum Core wallets Qtum-Qt and qtumd as a Qtum Super Staker! Still, even after so many years since Bitcoin’s birth, regulation concerning the space remains unclear, and compliance isn’t taken for granted yet The super staker reads the delegations smart contract to pickup the delegations made to its address. To see the staking weight use “getstakinginfo”: Here we see “staking”: true, so the wallet is confirmed to be staking, and weight (mature coins) given in Satoshis of 3,000.998 QTUM, which is the sum of the staker’s weight plus the delegated weight. (win at least one block reward for delegates during the period). Log in or sign up to leave a comment log in sign up. As you would expect, the super stakers will also take a small fee from the staking rewards before distributing them to their relevant counterparties. Qtum utilizes the UTXO model, solidity smart contracts, and proof-of-stake consensus to … If the wallet was previously launched and downloaded the blockchain before adding a super staker, launch the wallet with [Reference 1]: If the new wallet is slow making initial peer connections: 3. The super staker will need to commit some stakes so we must send it some QTUM. Read it first and understand the state of cryptocurrency in the first quarter of 2021 - from the … In turn, you have the chance to receive a return on your investment. The super staker will show transactions for block rewards it receives, block rewards for delegated addresses which would show as mined payments of 0.4 + transaction fees (for a super staker with a 10% fee) or 4.0 + transaction fees as the block reward for its own UTXOs, as shown below. Super Staking. Delegate staking status for UTXOs < 100.0 size shows "Not staking because you don't have mature coins" but the delegator can't know what the minimum UTXO staking size is for the super staker. Also, is the contract set up using a wallet address, or an URL? Created in a bid to promote the offline staking protocol, the Qtum Stake-A-Thon Program rewarded users that participated in securing the network either by running a super staker or delegating QTUM to a super staker or a pool. So the real reward is … Write on Medium, https://qtum.info/contract/0000000000000000000000000000000000000086, Qtum April Community & Development Updates, Into the FastLane: Reduced Block Time — Part 5, Qtum Chain Foundation First Quarter 2021 Expenditures, Into the FastLane: Reduced Block Time — Part 4, Using Qtum Electrum with Hardware Wallets. With yield chasing and liquidity mining on decentralized finance (DeFi) platforms being the current crypto craze, Qtum (QTUM) is offering a more robust value earning mechanism via offline staking without any significant risks to user funds. The mining process in PoS system is called staking. Close. The wallet itself doesn’t hold any coins. no comments yet. This gives 10 UTXOs which is a low number only good for delegated address staking up to about 0.1% of network weight. Example for testnet shown. Qtum Core version 0.19.1 provides an update for offline staking using the wallet as a super staker, providing staking for delegated addresses. To configure the Qtum-Qt wallet for a Super Staker, select Stake – Super Staking and the "+" button to add a new Super Staker. Download, install, encrypt, and backup the wallet (How to deploy a Qtum node). You can configure the daemon/server wallet qtumd as a super staker, which is easy if you are familiar with Linux command line operation. A full explanation of these steps is given in the references. This is a non-custodial delegation which means the delegator retains full control of their coins and private keys. Super Staker Configuration. 4. Example for testnet shown, for mainnet omit the “-testnet” parameter. Setting a delegation fee of 11% is overpaying for a super staker that requires a 10% fee. The block producer will get 4QTUM, as well as the transaction fees and gases as block reward. Users can make a non-custodial delegation for their coins to an online Super Staker. Blockchain researcher, occasional blogger, Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. 3. Configure the super staker with the Options button, then click “Custom” to see the settings (the default gives a 10% fee and accepts UTXOs of minimum size 100 QTUM). (win at least one block reward for delegates during the period), 90 days online time staking 5,000+ QTUM Press question mark to learn the rest of the keyboard shortcuts. It’s easy and free to post your thinking on any topic. This feature at the moment is a signature of QTUM network. Log In Sign Up. Repeat the above splitting steps until the first address is zeroed out. Click the “Offline Stacking” menu and click on the button. The Qtum Core wallet provides online Proof of Stake and can be launched and configured to operate as a Super Staker and receive address delegations. Introduction Qtum offline staking allows users to delegate the address for their coins to be staked by a Super Staker. [Reference 2]. Transactions will be posted on QTUM is a blockchain project launched in September 2017. Split UTXOs will mature after 500 confirmations, about 18 hours, and begin staking. Use Window — Receiving addresses to get the address and send some Test QTUM from the Qtum Testnet Faucet (daily withdrawals available). You can configure the desktop GUI wallet Qtum-Qt as a super staker using the Stake — Super Staking page. Stake your QTUM and earn up to 6.58% rewards annualy in the Atomic Wallet interface. The Offline Staking Protocol . What are the returns for "Super Staking" vs "Staking"? Confirm and restart the wallet to rebuild the database for super staking [Reference 1]. Mouse over the staking icon in the lower right-hand corner to see the overall wallet weight, which is the super staker’s own UTXOs plus any UTXOs that are delegated. Smart contracts have their own addresses on the blockchain. report. save. Learn more, Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. As an example for the 5,000 QTUM Super Staker with 25,000 in delegations: 5,000 x 5% = 250 (self staking), 25,000 x 10% super staker fee x 5% = 125 (delegate staking), $US 500/5.3 per QTUM x 4 periods = 377 (prizes) 752/ 5,000 = 15% annualized. Do I need to set up some sort of DNS to point to the staker? Enter the Staker name (for local reference only, here using the first part of the address and "10" to denote a 10% fee) and select the Staker address using the dropdown. Super Staker Configuration. The Qtum nodes connect peer-to-peer to talk with each other. Qtum Testnet completed its hard fork with block 625,000 at 9:50 am GMT on June 29, 2020, and is now available for testing of the new offline staking protocol. The wallet only holds private keys and manages UTXOs on the blockchain. Qtum is an open-sourced blockchain application platform. Staked runs Qtum validators allowing you to delegate your QTUM and earn rewards while keeping custody of your assets. The super staker needs some UTXOs of minimum size 100 QTUM for staking. These are QTUM users who provide the “Cold Staking” service that configures their full online nodes to allow users to delegate tokens to them. These commands may also be entered via RPC. 2. Show comments Qtum was the first open-source platform to combine Bitcoin with Ethereum’s smart-contract functionality, and Blockpass is a leading on-chain Know Your Customer (KYC) compliance organization.. As more companies want to enter the digital currency space, the cost of KYC … Posted by 3 hours ago. 1. Winner List, (win at least one block reward for delegates during the period), Accept delegations from other addresses (. 1. Qtum employs PoS (Proof of Stake) consensus mechanism, which is different from Bitcoin's PoW (Proof of Work). From 12:00:00 am GMT+8 on April 1, 2021, super stakers that successfully accept the address delegation will receive QTUM rewards after meeting the … For this example, we send two delegations about 1,000 coins each, one with a 10% fee, one with an 11% fee [Reference 3]. Out Now Our Q1 2021 Crypto Report is fresh off the press! Qtum Core Wallet. Let’s get started. Check the staker’s balance using “getwalletinfo” which shows balance & stake for staker’s own address. To configure the Qtum-Qt wallet for a Super Staker, select Stake – Super Staking and the "+" button to add a new Super Staker. Qtum Phantom Confidential Assets . Initially launching the wallet enabled for super staking will build the database with this information, or relaunching a wallet with a previously synced blockchain using “-reindex” will add this database information. While the blockchain is syncing you can send some Test QTUM to the staker, first get the address: Send coins to the new address, 1,001 Test QTUM sent in this example. 4. Offline staking was implemented with a hard fork on August 28, 2020, and has grown to more than half the staking activity on the Qtum blockchain. The command “getdelegationsforstaker” will also show delegations to the super staker. Tried to add my Super stake to the stake a thon page and it just says that my name is invalid. Any address in a Qtum Core wallet running as a Super Staker may receive delegated addresses and operate as an individual Super Staker. You can see the offline staking smart contract for mainnet at https://qtum.info/contract/0000000000000000000000000000000000000086 Offline staking delegation transactions know this address and use it to create the delegate/undelegate transaction. 2. Stake-A-Thon - Qtum Offline Staking To register your Super Staker for listing on this page, … 1.The offline staking protocol will allow users to delegate their Qtum to a super staker allowing them to earn block rewards from various wallets without the … From 12:00:00 am GMT+8 on April 1, 2021, super stakers that successfully accept the address delegation will receive QTUM rewards after meeting the corresponding conditions during the period. Sort by. There is the opportunity for existing stakers to run their own Super Staker, delegate to that staker, and then keep the coins offline in a hardware wallet or other cold wallet, which could improve security, depending on their setup. You can also mouse over the staking icon for the super staker to see the weight for all the delegations.

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