5.1.7. Staking

In order to stake the new cryptocurrency, the user first needs to download the latest version of the JP Montana wallet. After the JP Montana wallet is installed and started, an entire copy of the blockchain will be downloaded to that computer. Before the download finishes, your JP Montana wallet will be in what can be considered an immature state. Maturity is reached in around one to two hours, depending on the actual size of the current blockchain and the speed of your internet connection. Coins for staking can be sent to the JP Montana wallet while it is still in an immature state. After the blockchain- download has completed, the JP Montana wallet is ready for staking. A user can go to the settings section and click on “Unlock JP Montana wallet for staking”.

The user will be prompted to complete the process by entering the JP Montana wallets passphrase. After around 60 seconds a message appears, saying to expect earning rewards in a given period. The format is given as minutes, hours and days. It is important to note that the JP Montana wallet’s security has not been lost at this point. You will still be required to provide your passphrase when sending coins to others. Also, leave your JP Montana wallet running and online at all times to maximize profits. The interest is compounded and the longer you stake, the more you earn. You can stake using Raspberry Pi 3 machines that use less than 2W of power.