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

Question

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

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, Apr 01 '16 at 12:56
Thanks for your quick reply. Yes I meant proof-of-stake. Best Wishes, Declan — user34435, Apr 01 '16 at 17:15

score 1 · Answer 1 · edited Apr 13 '17 at 12:47

1

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

edited Apr 13 '17 at 12:47

Community

1

answered Apr 01 '16 at 17:36

Murch

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

1 Answers1