Nice video. SmartCash does not Stake it is proof of work coin mined with the Keccak algorigthm. It would be wrong to use the term staking as it refers to a a method in which coins are created on some other project that
- Requires users to hold coins in the CORE wallet,
- Wallets must be unlocked to mine coins
- Wallets must be online to support the network
What we have with Smart is a SmartReward key difference
- Any Smartcash wallet address with 1000 smart qualify if they have held from snapshot on the 25th of the month to the 25th of the next month without withdrawing from the wallet. Every wallet type including paper wallet would earn if it qualifies
- Wallet do not have to be online to earn SmartRewards
- SmartCash earned as rewards are not created by the SmartReward process they are previously mined coins blockrewards.
Great replyI I have to admit I'm ignorant to the technical side of the way things work. Explaining like I did is a way for the lay person to understand.
thanks