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
  • 11
  • 1
  • 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?](http://bitcoin.stackexchange.com/q/9082/5406) – 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

1 Answers1

1

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

Community
  • 1
Murch
  • 71,155
  • 33
  • 180
  • 600