Staking

How to stake your NIX with the GUI wallet

The NIX QT Wallet allows users to stake their holdings directly as well as giving them the ability to create contracts that allow your coins to be staked by a secondary wallet without ever giving up control of your funds. While LPoS contracts typically involve a merchant who often charges a small fee, users can also lease coins to themselves in order to stake from a wallet that doesn't have the ability to move or send coins in the event that the PC becomes compromised with something such as a keylogger. It also allows users the ability to safely stake from a VPS without the worry of a higher level admin being able to take control of your wallet funds.

For advanced users wishing to setup an LPoS service provider or a private cold staking server: