For anyone who want to have a backup server for their witness accounts in case of downtime, the G-DASH Cloud Witnessing Service helps you out without the need of providing spending-keys. Read detailed info
Your witness earnings are transfered to you within a few hours after they have matured (100 confirmations). Read detailed info
To keep this service running we request a small fee. The current fee is set to 1 NLG per witness earning generated using this service. Read detailed info
Besides using the Proof of Work method (PoW; mining), the Gulden developers created Witnessing to make the Gulden network more secure and make major improvements to security. Using the witness system, a Gulden user can lock their coins for a specific amount of time (between 1 month and 3 years) and start witnessing. By witnessing a block, the user will be rewarded with 20 NLG (and the other 80 NLG go to the miner). After the lock period has ended, the locked funds can be used again (so no collateral funds needed). For more detailed information, please read this article on Medium written by the lead developer of Gulden.
For witnessing, it is necessary to have your computer running 24/7. For people who don't want or have a computer up all the time, or want to have a back-up in case the device is offline, G-DASH Cloud can help out. This service provides witness-only key hosting while staying in full control of their funds. As the term suggests, a witness-only key can only witness and has no way of spending the original locked funds.
G-DASH Cloud is the first available witnessing service that works with witness-only keys. The developer of this service also created G-DASH and is an active member of the Gulden community. The servers running this Cloud service are only running GuldenD, no other applications, is split off from the web front-end, and has an uptime of 99.99%. For using this service we ask a fee of 1 NLG per witness action performed using this service. The other 19 NLG is transferred to a Gulden address of your choice. Currently a maximum of 2 witness keys is allowed for a Basic account. If you would like to add more witness keys to your account, you can choose to upgrade your account to an Advanced (4 keys) or Pro (6 keys) account. See below for more information.