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We are transitioning from a Proof-of-Work blockchain to a Proof-of-Stake blockchain. Learn more about the migration process and how you can get involved. {.nq-subline}
Nimiq is transitioning from a Proof-of-Work to a Proof-of-Stake blockchain through a special hard fork. The transition process includes several key phases:
- Pre-registration Phase: Establishes the first list of validators for the PoS blockchain within the PoW chain
- Pre-Staking Phase: Users pre-stake their NIM
- Activation Phase: Selects candidate transition blocks from the PoW chain and executes the transition to the PoS chain if at least 80% of the stake is ready
During the migration, we will capture the entire blockchain state, including all accounts, balances, and transaction history. This means that users' balances will remain intact and will be transferred to the new PoS chain.
There is no requirement to participate in the migration. However, if you want, you can become one of the first validators or migrate as an observer. Nimiq ensures that no NIM will be lost during the process. We have guides available for those who want to actively engage in the transition.
Do I need to participate in the migration?
No, you don't need to participate unless you want to become one of our first validators or actively engage in the process as a node operator with zero downtime. Your NIM and transaction history will be automatically transferred to the new PoS chain.
Will my NIM be safe during the transition?
Yes, all NIM balances and transaction histories will be securely migrated to the PoS chain, and no NIM will be lost during this process.
Can I access my Wallet post-transition with the same Login File?
Yes, you can. Your address and data will be transferred to the PoS chain, so your Login File remains the same.