What is BlockNet? The Blocknet empowers the passionate communities behind every coin by serving as a connector between blockchains,Show more [+] markets, and communities without being an intermediary. This is made possible through atomic swaps on a truly decentralized dapp platform.
The Blocknet Protocol is a true peer-to-peer protocol between nodes on different blockchains. This enables the transfer of data and value between blockchains and opens the door to cross-chain dapps.
The Blocknet community has been developing this technology since 2014. This decentralized governance system, open source code, and inter-blockchain protocol ensure that every blockchain is free to interact without centralized entities.
Block DX is the first dapp built on the Blocknet Protocol. Block DX is a truly decentralized exchange that enables trading freedom for connected blockchain communities. Listing on Block DX is free and does not require our permission or control.
The Blocknet is powered by a network of Service Nodes and Staking Nodes. Service Nodes are the computational power behind the Blocknet's capabilities and protect the order book. Staking Nodes protect the network via our Proof-of-Stake (PoS) system.
All of my funds are in 1 specific BLOCK address (confirmed in my wallet, and on the block explorer).
I used the debug console to export the private key to store safely elsewhere. Cool.
I then encrypted/locked my BlocknetDX wallet with a passphrase. That's needed for staking.
Let's say I forget that passphrase and can no longer use my wallet. Can I just delete the whole wallet installation and wallet data file, then install BlocknetDX freshly anew, then import my singular private key for that address that I stored elsewhere, and I'll be back in business?
Thanks, everyone, for your input on this. I like handling my own keys carefully, so I want to make sure I did this correctly.
PS Follow-up question... Will my staking rewards be paid to that same address where my balance is currently, or to a new address?