Algorithm POS (Proof of Stake):

POS algorithm was developed as a more eco-friendly, resource efficient, and secure alternative to crypto currencies based on proof-of-work algorithm, or POW, that require massive amounts of energy in order to maintain the proper functioning and growth of the network.

Coin of crypto currencies which are based on POS are created through staking, or simply forged. In other words all nodes in the network that possess any amount of coins in their wallet and keep the node online are automatically included in the coin forging pool and are therefore eligible to create and sign blocks, ensuring that the distributed consensus in achieved.

1.

Wallet:

In order to mint POS RUcoin, you’ll need a RUcoin wallet. You will need to wait for the blockchain to download if this is your first time using the wallet. Be patient it can take a while.

2.

UNLOCK:

You will need to unlock your wallet to start minting.



3.

ENCRYPTION:

Ensure your wallet is encrypted with a good password. A secure password is needed to ensure your coins are safe. The wallet encryption option can be found under the settings tab in the RU-QT wallet program. Keep a copy stored somewhere safe or do not forget it, if you do your coins are lost forever.

4.

STAKE:

All you have to do to earn with this method is to hold coins in your RU-QT wallet. Your earnings are based upon the number of coins, or “stake,” you hold in wallet software. The more you invest, the more you are likely to earn.