NIX Platform: Transition to PoS successful, Ghost Protocol and Staking live
After extensive tests on the testnet and the publication of the new inflation schedule, the way has been paved for the next big step: Ghost Protocol on the mainnet, alongside Staking and Ghost Vault. The transition is therefore more than one week ahead of schedule and allows the developers to focus on the next big project on their mission of achieving blockchain interoperability: the highly anticipated DEX manager, NIX' first dApp.
Network Hard Fork on Block 53,000
To enable this consensus change, a hard fork was necessary. As block 53,000 has been reached, NIX is now running on the PoS chain without any problems. Please note that this did not create a new coin, but upgraded the network. You have to upgrade your wallet to version 2.0.1 immediately.
The wallet now features the following new additions: Staking and the Ghost Vault. What's more, PoW mining will of course no longer be possible.
Hard Facts for the New Network
- PoS instead of PoW (also beneficial for the environment)
- Ghost Vault enabled (allowing for completely private transactions)
- Staking enabled (small holders can earn on their coins)
- Block rewards adjusted (decreasing inflation and new supply)
- Truly decentralized (no mining monopolies, preventing 51% attacks)
Staking and Ghost Vault
Staking allows everyone to stake their coins and earn passive income based on their NIX holdings. In order to do so, unlock for staking needs to be selected in the wallet's top menu.
The Ghost Vault allows users to transfer their coins to the vault in a process called ghosting. These coins can then be freely spent to any other NIX address without any traces and connections to the sender.
Next Steps on the Roadmap
With the successful launch of the above mentioned features, the development team will now be focusing on the next tasks down the roadmap:
- Launch of NIX UI with Ghost Vault, a visually improved and uniquely looking wallet
- Release of Android and iOS mobile wallet
- Launch of Dex Manager
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We hope it continues on the road that goes, it is doing very well that platform
We are all very excited. What's ahead is just as incredible.
Staking is good option but needs lot of patience and time
Wisely said, that's true for most of things.
Upvoted and Re-Steemed to help with your promotion efforts!
-exp
Thank you, really appreciated!
Interesting concept, I haven't heard about you guys, but i will keep an eye on you. Thanks for the information and keep up the updates!
Happy to see you are interested! Feel free to join our Discord server if you wish to get in touch! I will keep you guys updated. :-)
Wow, sound great...
I just joined steemit so I want to be friends with you all. Greetings from me. @rahmifirdaus
Greetings, welcome to Steem!
ok thank you, continue to succeed in steemit. I hope this article will be useful for others to be an inspiration
Welcome to steemit.nice to meet you.
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I'm here for quite some time now but thanks anyway. :p
Good news, thanks.
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