Ghost Vault and Proof of Stake are live

After extensive tests and the publication of the inflation schedule based on NIX new specifications, the way has been paved for next big step: releasing the Ghost Protocol, alongside Staking and Ghost Vault. The transition is therefore ahead of the internal schedule, thus providing our team with more time to focus on the delivery of the next big project to achieve blockchain interoperability, the highly anticipated NIX first dApp: NIX DEX Manager.

Network Hard Fork on Block 53,000

To enable this consensus change, a hard fork was necessary. This change to the protocol does not create a new coin, but upgrades the network. Instructions for getting wallets and Ghostnodes ready for PoS transition were accordingly provided in this article.

Hard Facts for the New Network

  • PoS instead of PoW, also beneficial for the environment.
  • Ghost Vault enabled, allowing for completely private transactions.
  • Staking enabled, bringing earnings to coin holders.
  • Block rewards adjusted, drastically decreasing inflation and new supply.
  • True decentralization, no mining monopolies, preventing 51% attacks.

Staking and Ghost Vault

Staking allows users earn passive income based on their holdings. In order to stake, the wallet needs to be unlocked for staking via the wallet menu on the top.

Next Steps on the Roadmap

With the successful launch of the above mentioned features, our development team will now be focusing on the next tasks down the roadmap:

  • Release Android and iOS mobile wallet.
  • Launch DEX Manager.

NIX Platform has rebranded to Mute! Check out our new site on https://mute.io

NIX Platform has rebranded to Mute! Check out our new site on https://mute.io