Search the Community
Showing results for tags 'setup'.
The search index is currently processing. Current results may not be complete.
Found 1 result
-
OBJECTIVE : This thread is made with purpose : 1. Sharing knowledge about Masternode & Staking 2. Sharing knowledge about Cli-Wallet installation on VPS 3. Masternode owners and staker can know how to install CLI-wallet on their VPS (Using Ubuntu 16.04). EXPECTED BENEFITS : - Readers can know the difference between Masternode & Staking activity. - Readers can setup Cli-Wallet in their own VPS (Using Ubuntu 16.04). - For Masternode owner. If you install QT wallet on PC, CLI-wallet (masternode wallet) on VPS. then the rewards you get from your nodes, you can send directly to your Cli-wallet. So you can run masternode while doing staking without requiring shared pool services (3rd party). PREFACE : Cli-Wallet (Common Line Interface Wallet) is one of types of wallet that always provided by project devs when launching their project (see an example below). These wallets are run based on an open source program. Needed when you want to run your masternode coins or/and running staking activities. As a refresher for your memory (especially for those who already know about the meaning of masternode project) and also as a learning for those who just know about masternode project, perhaps you can read some of following threads and article : 1. Masternode & Staking 1. What’s the Difference between Proof of Work (PoW) & Proof of Stake (PoS) 2. What Is A Masternode And How Is It Useful For Cryptocoin Investors 3. Cold Staking vs. Masternodes – What’s the difference? 2. Cryptocurrency Wallet Types 1. All Cryptocurrency Wallet Types, Explained 2. Getting started with the CLI wallet 3. Command Line Interface (CLI) vs. Graphical User Interface (GUI) From several articles that i mentioned above, we can draw conclusions as follows : - Cli-Wallet can be installed on vps. - Masternode owners need VPS to run their masternode coins. - Cli-wallet does'nt require high specification. Because user interface that appears is only a command Clearer difference between GUI Wallet (Desktop wallet, QT Wallet) & CLI-Wallet, you can see in the below image. GUI Wallet - GUI Wallet (Desktop wallet, QT Wallet) is the most used type of wallet. Due to the ease of installation. - Installing a GUI wallet can be done on the device you have (PC/Laptop), and can also be done at VPS (with Windows OS/RDP). CLI Wallet - CLI Wallet is a type of wallet that is absolutely needed when you want to run node. - Because it is open source, CLI Wallet has higher security system than GUI wallet. (Relatively safe against trojan activity). - In same vps, you can do staking or running nodes that you have simultaneously. The benefits, you don't need to turn on your PC/Laptop 24/7 continuously. (Always use a trusted vps provider.) - Command in cli-wallet is similar with the command that applied to GUI wallet. The difference only lies in UI. (User Interface). Additional Information : In order to connect to your VPS, there are already many terminal software. Beside Putty, Bitvise, SFTP which incidentally requires installation on your PC/Laptop, now there is terminal software in the form of apps. One of it is Termius. I have used this software for almost 1 year. Since 1 year ago, i didn't installed a wallet in my pc anymore, because i am already comfortable using CLI wallet. This factor is also a reason why i'm interested using Cli wallet. Because it makes me easy to monitor coins that i have at anytime and anywhere. Termius apps shape as follows : CONCLUSION : From several articles and information that i have mentioned above, i hope that you already know and understand about : Meaning and the difference between Masternode & Staking. The difference between GUI Wallet & CLI wallet. Benefit when install and using CLI Wallet for your investment. INSTALLATION SESSION : VPS specifications required : - VPS with OS Ubuntu 16.04, RAM 1GB, 25 GB SSD (For new projects. Under 1 years). - For old projects (above 1 years), Adjust vps specifications with the requested requirements. (Example : Dash Masternode requirements) - Terminal Emulator (Putty, Bitvise, Termius and kind of it) - Paper, Pens and Patience Installation Steps : Because of limited space, i will put installation steps in next page. Bibliography. External Articles : All Cryptocurrency Wallet Types, Explained Monero (XMR) Github Safe Insure (SINS) Github
- 7 replies
-
- masternode
- cli-wallet
-
(and 1 more)
Tagged with: