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How to restore coins from a wallet.dat backup?

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So you have a wallet.dat backup (example MyLanaWalletBackup.dat) and you want to regain access to your LANA or simple move your wallet to a new computer ?

Here is a simple guide with screenshots on how to gain access to your coins.

  1. Download desktop wallet from LanaCoin github and synchronize it. Follow the guide here.
  2. When you wallet is full up do date, shut it down.
  3. Go to your profile name %appdata% folder and look for folder “lanacoin” (this folder is a hidden folder, read this article on how to see hidden files and folders)
  4. Copy your backup file “MyLanaWalletBackup.dat” into the folder.
  5. When you powered on the wallet software for the first time a new empty wallet.dat was created in the appdata folder (where is lanacoin appdata folder? See guide for bitcoin as its the same for Lana)
  6. Delete the new wallet.dat or rename it to emptywallet.dat (make sure you dont change the .dat extension)
  7. Now rename MyLanaWalletBackup.dat to wallet.dat
  8. Now start wallet app.
  9. Voila you are done.

*** ALWAYS ENCRYPT YOUR WALLET WITH A STRONG PASSWORD. (SETTINGS / ENCRYPT WALLET) ***

*** WITHOUT A PASSWORD ANYONE WITH ACCESS TO YOU WALLET.DAT CAN STEAL YOUR COINS.*

*** IF YOU LOOSE / MISSPLACE YOU WALLET PASSWORD YOUR COINS ARE LOST.***

*** IF A HACKER STEALS YOUR WALLET.DAT AND THE PASSWORD YOU WILL LOOSE YOUR COINS.***

*** WALLET SUPPORTS MULTIPLE LANA RECIEVE ADDRESSES. ***

*** YOUR WALLET.DAT FILE STORES ALL THE PRIVATE KEYS FOR ALL YOUR RECIEVE ADDRESSES. ***

*** YOU CAN EXPORT INDIVIDUAL PRIVATE KEYS FOR THOSE PUBLIC KEYS/ADDRESSES BY USING THE WALLET CONSOLE COMMAND ***

“dumpprivkey LU4XkUmFjiaKMiqAko4YkGjaiZo9wdwKTt”

Stay at home and enjoy LanaVibes #StayAtHome

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Friday night is coming soon and by now you are most likely missing your weekend nightlife. Just because you are at home doesnt mean you cant have some fun.

This friday on the 10th of march 2020 at 8pm (Ljubljana time) we are having a Lana powered livestream featuring DJ Balboa from Studio Bitakt. You are all invited to enjoy the vibes and make your friday night a more pleasant one.

DJ Balboa will be livestreaming on Facebook. Visit the event on facebook by clicking the image bellow.

If you like the LanaVibes consider tipping DJ Balboa. Regardless enjoy the show and the vibes.

DJ Balboas $LANA address LanaCoin: LTKAiPcjNadUjjZNSL29zC6EQHiDa5Yuum
https://chainz.cryptoid.info/lana/search.dws?q=LTKAiPcjNadUjjZNSL29zC6EQHiDa5Yuum

Lana gets its own private PokerStars Club aka LanaCoin Stars

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As LanaCoin community evolves so do use cases for LANA cryptocurrency. On january 5th 2020 an innitiative was made by a LanaCoin telegram group member to establish a private PokerStars club.

The idea quickly turned into a reality and a private/homegames PokerStars club named “LanaCoin Stars” was born.

How to join LanaCoin Stars club?

  • Once the above form is completed head over to the PokerStars application in click on the Home Games icon located on the right side of the main lobby screen and click “Join a Poker Club”
  • Enter ClubID: 3197566 , invitation code: lanacoin2020 and your name/pokerstars username/id and click “Join Club”. Your request to join the club will be approved if your PokerStars username matches the information provided on the Google form. In case you missed that part here is the link again.
  • If you want to get an email from PokerStars when a new tournament is published make sure you leave the checkbox in the screenshots bellow unchecked to recieve tournament notifications.

The Genesis tournament has been created and its starts on january 21nd at 21:00 CET.

The first tournament has a prize pool of 50000 $LANA contributed by the founder. On top of the initiall 50k LANA community has already contributed additional 20k LANA to the tournament escrow address.

For every tournament a new public $LANA ecrow address will be generated and posted in the LanaCoin Stars Club announcment board and club wall.

LanaStars Genesis tournament address is: LKc5sxmSgZxEUqLJhpdZoC1hY6MhsPG752

In the future we shall consider tournaments where the entry fee is paid in $LANA. To ease the process the enry fee will be matched 1:1 with PokerStarsPlayChips.

Each tournament will get a dedicated ecrowed public deposit address. Interested players will need to deposit the entry fee, send the transaction id/hash to a dedicated email address (using the email address submitted on the club registration form).

If the player will register to the tournament before the entry fee is paid , he or she will be temporary suspended from the LanaStarsClub.

” At LanaCoin we strongly oppose gambling. The above material is for learning and entertainment purpouses only. Playing online poker can be highly additive and is a form of gambling we do not endorse. The purpouse of the home games club is to have fun, learn about cryptocurrencies and connect the community that shares a passion of playing online poker games.”

Poker is a form of gambling which players go into with a sense of control over their risk, more than other activities in particular. You can estimate your level of skill against your opponent, by virtue of an immediate win or loss, the way the money is moving, the way the table is shifting.

What is Bitcoin halving and does LanaCoin have one?

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The year 2020 will bring upon the Bitcoin network its 3rd blockreward halving since the genesis block. Bitcoin miners initially received 50 BTC as a reward for securing the network. The block reward was cut in half to 25 BTC in late november 2012 and the second halving reduced the block reward to 12.5 BTC 4 years later in july 2016. The may/june 2020 Bitcoin halving will split the block reward again, this time to 6.25 BTC.

Just a few sources to learn more about Bitcoin halving.

Fitzner Blockchain – CoinTelegraph – CoinGecko

Does LANA blockchain have halvings?

Yes it does. LANA is different from Bitcoin, since new blocks are not only created by proof of work/PoW miners running sha256 asic machines, but also by community node operators that own $LANAs and have them stored on LanaCoin full node wallet that are always powered on, connected to the internet via lanacoin p2p network. The process is called staking and can be done with only 1 LANA stored on a connected wallet but that amount would have a very small network weight and the chances of becoming a proof of stake/PoS block finder are very low.

Proof of work miners get rewarded with 10000 newly created LANA , while proof of stake miners (stakers) get rewarded with 1000 newly created LANAs plus a 7% yearly on the amount that was at stake at the time the PoS block was mined/staked/created.

Lanas first block reward halving will occur at blockheight 525600. At time for writing Lana is on blockheight 382183. Therefore 143417 blocks remain untill the first and last LanaCoin halving.

Awerage daily number of proof of work and proof of stake blocks on LanaCoin blockchain is about 420 blocks.

With a an average of 420 transaction blocks being created daily, this puts the estimated PoS halving event aprox 341 days from today (14th january 2020). The halving will split the PoS reward in half reducing the 1000 LANA per proof of stake block to 500. The 7% annual will not change.

Proof of work has no halvings programmed into LanaCoin chain parameters. LanaCoin will simply stop generating PoW blocks after block height 750000. Roughly 875 days from today.

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