How does Proof of Stake works?

x42 Protocol is built on a Proof of Stake (PoS) system reducing the amount of work it takes to create and verify transfer blocks compared to the original Proof of Work (PoW) system that most other cryptocurrencies use.

You can enable staking after your wallet has more than zero (0.00000001+) x42 that has matured in your wallet. Your x42 matures inside your wallet by being confirmed inside multiple blocks with stake rewards taking 50 confirmations and transfers taking 500 confirmations.

By enabling staking you are notifying the x42 network you are allowing the network to use your node to create, sign and verify blocks. Your wallet must have at least one active connection to the network to be notified of the block request. Once the network selects your wallet to create a block you must be the first to claim the stake reward. While you are staking your wallet will estimate the amount of time it could take to have a block requested.

This estimate represents the odds of your wallet being selected based on the amount of x42 you are staking over the amount of x42 being staked on the entire network of about 1440 blocks per day, roughly one block every minute.

The simplified formula of your wallet's odds would look something like this ((wallet / network) * 1440) that is how your wallet might take days between selections.