NIX Platform: Transition to PoS successful, Ghost Protocol and Staking live
nixplatform·@dacx·
0.000 HBDNIX Platform: Transition to PoS successful, Ghost Protocol and Staking live
After [extensive tests on the testnet](https://steempeak.com/nixplatform/@dacx/first-tests-on-the-nix-testnet-staking-and-ghost-vault-pos-3-0) and the publication of the [new inflation schedule](https://steempeak.com/nixplatform/@dacx/nix-platform-new-inflation-schedule-on-transition-to-proof-of-stake), the way has been paved for the next big step: **Ghost Protocol** on the mainnet, alongside *Staking* and *Ghost Vault*. The transition is therefore more than one week ahead of schedule and allows the developers to focus on the next big project on their mission of achieving blockchain interoperability: the highly anticipated DEX manager, NIX' first dApp. [](https://nixplatform.io/) ## Network Hard Fork on Block 53,000 To enable this consensus change, a hard fork was necessary. As block 53,000 has been reached, NIX is now running on the PoS chain without any problems. Please note that this did not create a new coin, but upgraded the network. You have to [upgrade your wallet](https://github.com/NixPlatform/NixCore/releases/tag/v2.0.1) to version 2.0.1 immediately. The wallet now features the following new additions: **Staking** and the **Ghost Vault**. What's more, **PoW mining will of course no longer be possible**. ## Hard Facts for the New Network - PoS instead of PoW (also beneficial for the environment) - Ghost Vault enabled (allowing for completely private transactions) - Staking enabled (small holders can earn on their coins) - Block rewards adjusted (decreasing inflation and new supply) - Truly decentralized (no mining monopolies, preventing 51% attacks) ## Staking and Ghost Vault **Staking** allows everyone to **stake** their coins and earn passive income based on their NIX holdings. In order to do so, **unlock for staking** needs to be selected in the wallet's top menu. The **Ghost Vault** allows users to transfer their coins to the vault in a process called *ghosting*. These coins can then be freely spent to any other NIX address without any traces and connections to the sender. ## Next Steps on the Roadmap With the successful launch of the above mentioned features, the development team will now be focusing on the next tasks down the [roadmap](https://nixplatform.io/roadmap/): - **Launch of NIX UI with Ghost Vault**, a visually improved and uniquely looking wallet - **Release of Android and iOS mobile wallet** - **Launch of Dex Manager**
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