The advanced Proof of Stake algorithm QRAX is one of the most secure, energy efficient and decentralized blockchains. Anyone with QRAX coins can participate in ensuring the safety and health of the network and receive rewards.
Sending and receiving confidential transactions in the QRAX ecosystem is extremely simple.
QRAX provides the tools and resources to keep you in control of your funds at all times.
QRAX rewards everyone who stores coins in their wallets and keeps the network safe and healthy.
The balance of your coins is available for transactions at any time. There is no censorship or blocking in the decentralized and anonymous cryptocurrency QRAX.
Keep your identity, addresses and balances private if you wish or need to.
Your rights. Your privacy. Your funds.
Get rewards simply by storing QRAX in your wallet. There is no need to purchase expensive mining equipment.
You can participate in the development and management of the QRAX ecosystem. Earn rewards without transferring control of your wallet and private keys to anyone.
Send and receive QRAX as untracked transactions without showing anyone your balance, addresses, and transaction amounts.
Safely store your assets by delegating coins to the online staking masternode and earning you rewards.
The QRAX monetary system has a long-term balance between inflation and deflation, providing scalability, resilience and decentralized control.
Proposals put forward for the formation of budgetary expenditures for development are approved by the community and are voted on by masternodes.
Stay up to date with the latest QRAX news and announcements such as new wallet updates, monthly development updates, exchange signups, partnerships and more.
Explore, contribute and influence future development with QRAX and its global community.
Proof of Stake is a consensus mechanism that must be followed to create a new group of transactions without the need for trust (called a block) in a distributed ledger called a blockchain. In the new era of digital currencies, there must be something to support the creation of coins, this problem is solved by the Proof of Stake technology.
Compared to PoW cryptocurrencies like Bitcoin or Dash, it is much easier and cheaper to participate in the network and receive rewards using QRAX. You can run staking even with 1 QRAX, and with Coin Delegation (DPoS) on the QRAX network, you have the ability to keep your energy and hardware costs as low as possible.
Staking is the process of blocking your coins for any period of time you set to help the network reach a proof of stake consensus by confirming every transaction that takes place on the network to permanently record transactions on the blockchain. As a reward for these actions, all participants who “minted” the next block receive a reward for the created block.
When a user has at least 1 QRAX coin in a synced QRAX wallet, that node is allowed to participate in the network with the appropriate stacking amount. QRAX uses an advanced Proof of Stake algorithm that effectively protects the network from intruders. This allows QRAX holders to receive block rewards simply by storing coins and helping to protect the network and keep it up and running.