The STRAX blockchain uses a Proof of Stake (PoS) algorithm to validate transactions, so owners of STRAX can decide to stake their STRAX. Once you are staking STRAX, you can write blocks to the blockchain and earn STRAX doing this. Importantly, the STRAX Wallet is dual purpose; it enables you to stake your STRAX in addition to making transactions. Staking helps you strengthen the blockchain network on which your STRAX Tokens are held. A full copy of the STRAX blockchain is held on every device the STRAX wallet is running on, so the wallet is effectively sitting on top of a Stratis Full Node. When the Full Node detects STRAX Tokens have been staked, it actively mines thereby contributing to the overall power and resilience of the network.
Cirrus Core allows users to manage tokens issued on the Cirrus Sidechain and create their SRC-20 token with a single click. This functionality removes any historical complexities associated with issuing a token via a Smart Contract and allows individuals/businesses to deploy their token on Stratis for immediate use effortlessly.
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