The Impleum Core wallet is an online wallet which allows you to send and receive IMPL coins.
The Impleum blockchain uses a Proof of Stake (PoS) algorithm to validate transactions, so owners of IMPL can decide to stake their IMPL. Once you are staking IMPL, you can write blocks to the blockchain and earn IMPL doing this. Importantly, the Impleum Core wallet is dual purpose; it enables you to stake your IMPL in addition to making transactions.
Staking helps you strengthen the blockchain network on which your IMPL coins are held. A full copy of the Impleum blockchain is held on every device the Impleum Core wallet is running on, so the wallet is effectively sitting on top of a Impleum Full Node. When the Full Node detects IMPL coins have been staked, it actively mines thereby contributing to the overall power and resilience of the network. Because even small stakes have a chance to mine, staking democratizes the mining process when compared with Proof of Work solutions. To have any chance of earning rewards from mining on a mature Proof of Work blockchain, considerable expenditure on hardware and energy is required.
- Provides an intuitive user interface for IMPL transactions, so you can make and receive payments hastle-free.
- Supports staking so that you can become a miner and earn rewards from the IMPL you own (whatever the amount).
- Increases security and network strength by working with a complete copy of the Stratis blockchain.
- Implements a Hierarchical Deterministic (HD) architecture, which allows for easy wallet recovery and easy migration to other wallet implementations.