Blocknet Staking

1. Install and setup the Blocknet wallet.
2. Open and sync the wallet.
3. Make sure there’s BLOCK in your wallet.
4. Unlock the wallet for staking only.
5. It may take a minute for the staking to activate after unlocking.
6. You can verify the wallet is staking with the status icon in the upper-right corner.

Note: Staking will not activate if the wallet is not synced or if the wallet is locked.

Note: Newly deposited BLOCK will not stake until 100 confirmations are obtained (or approximately 100 minutes)

The selection of the staker that confirms each block is probability-based. This means that everyone’s chance of being selected to confirm the next block is equal to the amount of BLOCK staking divided by the total amount of BLOCK being staked on the network. For example:

To calculate ROI, do the following:

Staking ROI % = (525600 / Total BLOCK staking on the network) * 100

1. Blocknet wallet
2. BLOCK in the wallet
3. Wallet unlocked for staking

Staking is very safe as long as your private keys are safe. It’s also recommended to stake after you encrypt your wallet with a passphrase. You can maximize security by unlocking the wallet “for staking only.”

Blocknet is a blockchain interoperability protocol that enables communication, interaction, and exchange between different public and private blockchains, as well as connect to external off-chain APIs and services via oracles. This exponentially increases the development capabilities and enables a new generation of mature blockchains and services.

Blocknet is an open sourced, self-funded, and self-governed project with contributors around the world building an open and collaborative ecosystem.