PAC Protocol is based in the US and aims to provide next-generation blockchain network solutions to solve real-world problems.
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- What is Pac Protocol?
PAC Protocol (PAC), based in the US, aims to provide next-generation blockchain network solutions to solve real-world problems. It claims to be one of the largest truly decentralized masternode networks in the world with nearly over 13,000 active nodes located worldwide. Its network is based on the energy-efficient Proof of Stake (PoS) algorithm which greatly reduces its overall carbon footprint.
- How to Stake PAC?
You will need a PAC Protocol wallet with an address containing at least one input with at least 250 PAC in it.
The wallet needs to be of the current version, running, fully synced, and unlocked to be able to stake.
In addition, you have to turn the staking on for core select “settings > toggle staking” now on the bottom right you can see the icon turning green if you are staking.
For yanSAFE: Unlock the wallet, click the lock bottom left and unlock the wallet you can enter “9999” for the time to leave your wallet unlocked for longer. Then click the piggy bank icon in the bottom left to enable staking.
To double-check if you are actually trying to stake go to the debug console,
Core: Tools > debug console
yanSAFE: Bottom left the “>_” icon,
Everything should return “True”
- How much can I earn Staking PAC?
The staking reward is 100 PAC for each block. It is not designed to be very profitable – it is made so the network grows with consistent block times.
Your input needs to have 10 confirmations before it can stake again. Each time it stakes the number of confirmations resets and the input is split into two, so make sure the inputs in your wallet have at least 250 PAC.
- How much can I earn running a PAC Protocol Masternode?
Each PAC masternode is secured by 500.000 coins. Basically, these coins can be stored in a remote wallet (recommended for safety) or on the same masternode (which is not recommended for security reasons).
- Any risks to Staking PAC?
Your risks involve time lock-up and slashing risks associated with running a validator.
Consider 500,000 PAC are needed to secure a masternode.