/biz/ - Business & Finance

>>12848418

Beautiful. TPoS plays a vital role. It too is a Stakenet invention and has been utilized by its users to cold stake their funds for maximum security.

>What is Trustless Proof of Stake (TPoS) and how does it work?

TPoS is a technology developed by Stakenet that allows users to trustlessly stake XSN by having a Merchantnode (a server which acts as a Staking node) do the staking for them while not having to share any spendable balance or private keys with it. This is done with a smart contract.
With TPoS, you can safely keep your coins anywhere, like in a hardware wallet, and they will be staking and growing over time, even while you sleep. Not having the coins exposed in the staking server is a huge step forward in terms of privacy and security.
You can run your own Merchantnode to trustlessly stake your own coins. Or you can also hire a Merchantnode from a third party to stake your coins for a small fee with no risks associated, as your funds always remain with you. Merchantnodes are provided by independent people called "Merchants" - a whole new market emerged from this technology. You can find them in our social channels, like in our Discord. Keep in mind that a server online 24/7 (Merchantnode) is always needed in order to run TPoS.