random.zebra
PIVX Core Developer
Hello all.
I'm opening this thread to collect feedback and possible concerns on the "Cold Staking" upgrade proposed for the PIVX network.
As it is a feature that provides indubitable benefits but also carries possible risks, it is worth having an open discussion, weighting pros and cons, before finalizing the integration in our codebase.
A technical document that describes the proposed system, highlighting threats and opportunities, can be found here:
https://github.com/random-zebra/PIV...per-Documentation/Specs/ColdStaking.mediawiki
The implementation code can be checked in the submitted PR here:
https://github.com/PIVX-Project/PIVX/pull/955
To sum it up:
PROS:
- users can stake coins safely storing the private keys in "cold storage".
CONS:
- it could centralize the staking power in the hands of "cold staking service" providers if such services were to become predominant.
I'm opening this thread to collect feedback and possible concerns on the "Cold Staking" upgrade proposed for the PIVX network.
As it is a feature that provides indubitable benefits but also carries possible risks, it is worth having an open discussion, weighting pros and cons, before finalizing the integration in our codebase.
A technical document that describes the proposed system, highlighting threats and opportunities, can be found here:
https://github.com/random-zebra/PIV...per-Documentation/Specs/ColdStaking.mediawiki
The implementation code can be checked in the submitted PR here:
https://github.com/PIVX-Project/PIVX/pull/955
To sum it up:
PROS:
- users can stake coins safely storing the private keys in "cold storage".
CONS:
- it could centralize the staking power in the hands of "cold staking service" providers if such services were to become predominant.