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What is cold staking?

Posted at: 2020-06-07 03:28

These is a feature in few coins like KTS for cold staking. What is this and how is this different from locking up coins for master node?


Posted at: 2020-06-10 17:54

Block rewards are divided into masternode rewards and staking rewards. Staking allows you to earn rewards even if you do not have enough coins for a masternode. For that your wallet that has the coins has to be kept online 24/7 on a computer. Cold staking means that you do not have to keep the wallet that has your funds running 24/7, instead you run an empty wallet on the network and earn rewards in your other wallet that has your coins. The more coins you stake the more rewards you earn. But if you have enough coins for a masternode then it is better to start one since it rewards better than staking the same amount of coins