Newbie here Staking SAFEX?


#1

Hello when the new wallet comes out, can we use stacking or is it another type of mining


#2

visit discord for all the up to date discussions announcements most lightly there first and forum second/ twitter


#4

Hi @RichyRich,

@TomDillon was just pointing out that Discord is a great resource to ask questions and get answers in real time. It is active 24/7.

Dan Dabek has said that the next release of the Safex Wallet will be version 7, which will make available 1-click mining. You download and install the wallet and have the option to sign on with a mining pool with just 1-click. All Safex Cash is POW (i.e., proof of work mining), not staking.

Please check out the Safex News website that maintains and active mining pool that you can participate in.

Best Wishes!


#5

Thanks Jcasaie went right over my head


#6

1 click mining would be great, but a wallet, which you can use without needing to disable antivirus, would be a dream come true.


#7

Safex is a proof-of-works cryptocurrency. So the blockchain runs in the typical mining fashion. It is not a proof-of-stake blockchain, which is what stacking ususally referrs to.

With Safex, the ability to “lock in” Safex Tokens to earn dividends from the future marketplace is often confused for a proof-of-stake/staking blockchain. It’s still a PoW Mining Blockchain, but will have a special function that acts similiar to PoS stacking.

The lock-in/dividends feature is to be added in the near future.