Start staking

Staking is participation in proof-of-stake consensus. Blacknet rewards it with minted coins and transaction fees.

With full node

Full node is a node that maintains a copy of full blockchain history. You may need to launch and keep the node running. Projects of alternative UI also exists.[1]

With software wallet

You can activate staking in the web UI. To have automatically activated staking, you could put mnemonic into configuration file blacknet.conf, for example mnemenic that is used in testing mode:

## Start staking at node start up
mnemonics=疗 昨 示 穿 偏 贷 五 袁 色 烂 撒 殖

Never disclose your mnemonic to anyone.

With hardware wallet

Support for hardware wallets may be implemented in future updates. Hardware wallet is a special device that stores your mnemonic or private key and signs a new block generated by staking.

With pool

Stake pool is a way of staking with lightweight wallet and combining small staking weights together.

Leasing to pool

You may lease BLN from wallet to a pool that stakes with full node. The minimum amount is 1000 BLN. Await maturation of this transaction. Proof-of-stake reward is distributed by pool according to its terms. Pool cannot re-lease (lease again) to another pool. You may cancel leasing at any time.

Operating pool

Pool operator runs a full node with an address to that stakeholders may lease weight. Usually, a pool is publictly announced with the terms of service and BLN address. The minimum amount of BLN is not required.

About stake pool

Cold staking was introduced in Blacknet proof of stake version 4. It allows to have a block signing key that is different from the spending key. Pooled staking was observed in the reply.[2][3] Staking pool allows to participate in staking having only a lightweight wallet. Leased weight is combined by pool without rights to spend coins.

[1]: https://github.com/hclivess/blacknet_tools

[2]: http://www.stakepool.xyz/

[3]: https://www.blnpool.io/