Dogecoin Core Wallet 1.10 - Help - Encrypt Wallet Option not available to allow staking

1

Help,

I am new to staking using crypto currency wallets.

I have download the Dogecoin Core Wallet 1.10 and the Encrypt Wallet Option is greyed out. How can I encrypt this wallet for staking please? I have other wallets for other crypto currencies that are all staking fine.

Thanks in advance.

Declan

Declan

Posted 2016-04-01T09:55:45.840

Reputation: 11

Hey Declan, do you mean "staking" as in "mining in a proof-of-stake cryptocurrency"? Dogecoin uses a proof-of-work algorithm, so if that's what you mean, there is no staking in Dogecoin. See: What is proof-of-stake?

– Murch – 2016-04-01T12:56:16.533

Thanks for your quick reply. Yes I meant proof-of-stake. Best Wishes, Declan – user34435 – 2016-04-01T17:15:53.957

Answers

1

Staking is only used with proof-of-stake cryptocurrencies. Dogecoin uses a proof-of-work algorithm, so there is no staking in Dogecoin.

Murch

Posted 2016-04-01T09:55:45.840

Reputation: 41 609

Asked: 2016-04-01T09:55:45.840

Viewed: 498 times

Active: 2016-07-30T18:48:56.117