That is offline staking?

OWNR Wallet
Feb 5, 2024

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Offline staking, also known as cold staking, is a technique utilized in proof-of-stake (PoS) blockchain networks to engage in network activities without revealing the private keys of staked tokens to the online network.

Certain blockchain networks leverage the PoS consensus mechanism to validate transactions and secure the network. In a proof-of-stake system, validators are selected to create new blocks and validate transactions based on the number of tokens they hold and are willing to stake as collateral. This stands in contrast to proof-of-work systems, like Bitcoin, where miners use computational power to solve complex mathematical puzzles for transaction validation and block production.

Read more: https://ownrwallet.com/blog/offline-staking-ownr-wallet/

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