FAQs

What is Cold Staking and why is this hardfork important?

Our friend and contributor Crypto Guard released a great article on Decentralized Today yesterday giving a great overview of Cold Staking and Quantum Resistance. Please make some time to read this for a better understanding of what the Particl Development Team is bringing to #cryptocurrency and #proofofstake systems.

Will there be 2 copies of PART after the hardfork, like Bitcoin and Bitcoin Cash or Ethereum and Ethereum Classic?

No. Your PART tokens remain the same as they are right now, on the same original chain and in the same wallet. The hardfork will split the ledger (blockchain) on Nov. 10th and stakers working on the network

What happens if I don’t upgrade my wallet in time?

Once Cold Staking gets activated on the blockchain all old wallets not on latest protocol will begin producing a majority of orphaned blocks, transaction times will slow to a crawl and worst of all, PART sent from old wallets will not be validated by new wallets.

So if you try to send PART from an old wallet to Bittrex for example, Bittrex will never get it because you are not on the correct blockchain.

Are PART I send from an old wallet after the hardfork lost forever?

No. Remember, that wallet is broadcasting to an expired blockchain. They’ll be lost forever on that chain but they haven’t been audited in the correct PART blockchain so you still own them.

Once you upgrade your wallet to Particl Core 0.15.0.2 or newer you’ll have your correct PART in your wallet and free to send them with the assurance they’ll be registered on the blockchain and with services like Bittrex.

Tell all your friends!

Particl Hardfork, Cold Staking and Quantum Resistance (1st for PoS token!) are coming November 10th, 2017.

Thank you

Particl Team