Today let’s talk about our Jupiter forging process. It is quite simple, yet new to a lot of you. Forging is the process that Jupiter uses to build the blockchain, similar to Bitcoin’s PoW or Wagerr’s PoS, and redistribute the Jupiter transaction fees. Jupiter holders are able to gain Jupiter tokens by allowing their account to be used as a forging utility. There is an increased probability of an account forging a block the larger the forging account’s effective balance becomes. This protocol design encourages Jupiter holders to forge, accumulate, and create forging pools to secure the Jupiter blockchain.
To start forging for yourself, you need a few things. You’ll need an updated and fully synced Jupiter wallet, >= 1000 JUP that have 1,440+ confirmations on the blockchain (about 1 day), and a full time running computer or server. Raspberry’s Pi seem to work great.
Visit your local node via web browser or in the desktop wallet. Either way is fine and there is no difference. Insert your JUP account information into the login screen or select it from the drop down selector if you have previously saved your JUP account. Upon logging in, you will see in the top left of the wallet screen the account overview, blockchain height, blockchain connection and forging stoplight indicators. You will most likely see a red indicator for the forging option, as shown.
Click the red indicator to begin the forging process. You will enter your passphrase to authorize your Jupiter tokens to be used as a forging utility. That’s it! You are now participating in the security of Jupiter! When you log in with your passphrase, you will see the green indicator and ‘Forging’ in the upper left area.
Of note, allowing your Jupiter tokens to be used does not pose a risk of loss. Any block your account forges automatically receives any transaction fees in that block. You can also lease your Jupiter tokens to a forging pool. We are curating the information and tools for creating forging pools and will release guides as they develop.