1. Download the official RICK client.
The desktop wallet enables sending, receiving, storing Inifinite Ricks along with minting blocks and securing the Infinite Network. Download the proper application for your operating system.
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Note: Windows wallet application ‘InfiniteRicks-qt.exe’ must always be located in the folder ‘InfiniteRicks-qt_win’ along with all the dependencies. The wallet folder ‘InfiniteRicks-qt_win’ can be located in any directory.
Make the Ubuntu application ‘InfiniteRicks-qt’ executable before you run it.
Right-click on the ‘InfiniteRicks-qt’ -> ‘Properties’ -> Permissions tab -> mark the ‘Allow executing file as program’ checkbox -> Close the dialog.
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2. Run the wallet application by double-clicking its icon.
The wallet window will appear and start to sync with the network, it will take up to a few minutes to fully synchronize with your node and with the RICK blockchain.
3. Complete the security settings to protect your RICKs
Wallet Encryption
When RICK wallet is first generated, it will be unencrypted. In order to encrypt your wallet, go to ‘Settings’ -> ‘Encrypt Wallet’. Create a secure passprase, this passprase will be used to verify transactions and unlock the wallet for staking. The passprase can’t be recovered, losing the passphrase means losing all coins held in the wallet.
Backup
In order to make a backup of your wallet, go to menu ‘File’ -> ‘Backup wallet’, choose a location and save the file to your computer.
It is strongly recommended to make at least two backup copies on several removable media storage devices and keep them in a secure place.
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Note: “If the passprase has been changed, the backup becomes invalid. You must backup your wallet again after each passprase change.
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In order to restore from the wallet backup, follow these steps:
– Download Infinite Rick wallet, launch the wallet once and close it.
-Go to the wallet folder
on Windows C:\Users\YourUserName\AppData\Roaming\InfiniteRicks (AppData is a hidden folder)
on Linux ~/.InfiniteRicks/ (/home/username/, hidden folder)
– Replace the wallet.dat file in that folder with your backup wallet.dat file.
4. Restart your RICK wallet.
The wallet can be launched by running the ‘InfiniteRicks-qt’ application.
5. In order to deposit RICKs to your wallet, go to ‘Receive coins”. You can generate a new address by clicking the ‘New Address’ button at the bottom of the screen. Get RICKs by earning or purchasing them, and transfering them to your newly generated wallet address. Freshly recieved coins will be shown as ‘unconfirmed’. It will take 6 confirmations for the coins to become ‘spendable’.
6. Once the transaction reaches 12 hours of age, coins will become eligible for minting blocks. Go to ‘Settings’, select ‘Unlock wallet for staking only’ and enter your wallet passphrase.
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Note: ‘Proof of Stake minting’, also known as ‘staking’, is a process where stakeholders mint new blocks for the network. Every minted block rewards you with new RICKs, so that you can steadily grow your RICKs with a solid reward rate of 307% a year untill Infinite Ricks takes over the galaxy.
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Merging transactions, moving or spending coins will destroy the coin age and the maturation process will have to be started over again. Recieving more coins to the wallet will not destroy the coin age.
Once new block is minted, coin age of the initial coins will reset to 0. The coins earned from minting along with initial coins will be shown as ‘stake’. It will take these coins 24 confirmations to become ‘spendable’. Once this transaction reaches 12 hours of age, coins will become eligible for minting blocks again.
And so on forever.
Minting RICKs over and over and over off into Infinity.