GHOST is a Proof of Stake privacy coin to help make you nothing but a "ghost" when transacting online!
Transactions will show up in your wallet in less than a second. For the first confirmation it usually takes 1-2 minute.
A fraction of a penny.
The status of the Ghost Blockchain, peers, blocks, and transactions can be found on https://ghostscan.io/
Here is a link to a really well written explanation of Proof of Stake, Proof of Work VS Proof of Stake
You can stake your Ghost in several different ways:
Public inputs (ghost coins) needs to have atleast 225 confirmations before they become eligible for staking. This generally takes between 5-8hrs.
The amount you will recieve rewards depends on how many Ghost you have. There is a feature on the Ghost wallet that provides you with an estimated reward time.
If you have less than 1000 Ghost coins it’s recommended that you look into joining a pool as you will earn more consistent rewards this way.
No you will not be penalized if you stop staking via the wallet or cold staking.
Your staking weight will fluctuate as more individuals stake their funds or remove their funds from being staked. In essence it shows how much your weight encompasses the network stakeweight.
Yes, hot staking within the wallet is safe however it’s recommended to cold stake if possible.
We’ve created a cold staking guide that you can read through, here https://medium.com/@GhostbyMcAfee/vps-cold-staking-setup-612d6f63242b
To be eligible to become a Ghost Veteran you must have a balance that is at least 20,000 GHOST in your wallet. Additionally these funds can not be spent within a 30 day period. If both these criteria are met you will receive your share of a reward from the Ghost Veteran Reward pool with a multiplier based on the increments of 20,000 GHOST that you have.
The Ghost Veteran Reward (GVR) pool is an accumulation of GHOST coins over a 30 day period that are dispersed to eligible Ghost Veterans. Currently 6 GHOST are added to this pool every block, or roughly every 2 minutes.
Yes, Ghost is a decentralized community project. Soon there will be a bounty website where proposals can be voted on by the community.
Yes, staking does not affect your Ghost Veteran status, only sending funds directly to another address would disqualify you.
Instructions for swapping tokens can be found here, https://medium.com/@GhostbyMcAfee/ghost-wallet-2-0-6-is-live-8974f13a307b
1. Full Privacy, 2. Staking Rewards, 3. Ghost Veteran Rewards.
This process could take some time (~30 minutes generally but sometimes hours). Rest assured that the transaction history is stored on the blockchain and your Ghost erc-20 tokens or mainnet coins are not lost.
There is not a time limit on when you have to swap your coins. However if you are a Ghost Veteran (holding more than 20k GHOST) you will need to swap your ERC-20 -> mainnet before July 21st, 2020 to be eligible to receive the first month of ghost veteran reward.
They are burned, you can track how many ghost have been burned on the Ghost contract here, https://etherscan.io/address/0x4c327471C44B2dacD6E90525f9D629bd2e4f662C
Since the Ghost mainnet recently launched most of the websites are showing results for the ERC-20 version of Ghost. However the pricing for Mainnet and ERC-20 are almost identical.
The exchanges to purchase Ghost ERC-20 are listed at the bottom of the main site. For Ghost mainnet coins this process is still ongoing.
Currently you can download the official Ghost Wallet here, https://ghostwallet.io/
There will be other wallets supporting Ghost in the future.
Mobile wallet integration is underway.
No. But the wallet updates the latest core automatically. You will need to update the main wallet client yourself by downloading the new version as it's released.
Typically this is just an average estimate that shouldn’t be relied upon. There are many factors that go into staking. If you have under 1000 Ghost it is recommended you join a staking pool, as you will receive more consistent rewards this way.