After 10000 blocks there will be no more mining rewards. From that point all blocks will be generated via proof-of-stake.
In this coin you coins are eligible to produce 1% stake interest every 8 hours.
Quote
[The] proof-of-stake system is based around the concept of "coin age," a measure of the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user. This process secures the network and gradually produces new coins over time without consuming significant computational power.
In this coin you coins are eligible to produce 1% stake interest every 8 hours.
so we send coins to oursselves to make 1%? i dont get it
All you have to do is keep your wallet running with coins in it. Coins will automatically attempt to generate stake until they succeed. The staked coins and the newly generated coins will then go to the stake line in your wallet until the stake is confirmed after 520 blocks then they will return to your balance. Any coin that has been in your wallet for more 8 hours will be eligible to generate stake. This process will replace mining and generate 1% interest compounded as much as every 8 hours.
rat4 said 1% nominal interest, but when compounding at 8 hour intervals the real interest rate will be much higher.
ah ic, does it use any cpu or gpu power?
