Flare Update: Mobile iOS Wallets Now Available
Flare Update: Mobile Android Wallets Now Available
Dear Flare Community,
We are glad to announce that we have integrated Masternode Management into Flare Wallet Mobile, making it the only mobile and lightweight wallet that offers non-custodial masternode management without needing to download multiple apps/software and blockchains.
Since NIX is the only masternode based coin within Flare at the moment, this tutorial will be shown using NIX, yet can be followed for any future coins that will be active in Flare with Masternodes.
Masternodes are servers that provide additional services for a native blockchain and are rewarded coins from block payments.
How To Launch and Manage Your Masternodes Within Flare
We have made these steps super simple for Flare. To be clear, Masternode Management in Flare does not run your actual masternode server for you, that is something outside the scope of this tutorial. Instead, Flare acts as the owner wallet for the masternode(s) where you can control, monitor, receive rewards, and activate your masternode(s) instead of using a core blockchain wallet.
- Flare will ignore immature transactions until they have fully matured. Once your rewards mature, you will be able to spend them.
- When you lock your masternode, Flare will ignore it from being spent and subtract it from your overall balance. To respend your masternode, you can unlock it following step 3 above.
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