If POS is not designed to reward stakeholders, then why did cann even include it, and why in gawds earth did they choose the worst POS ago (POSV) at the lowest percent!??! @Canndevs: dont even bother.
To answer your questions: My POS wallets are unlocked 24/7
Vegas
This is CCN, you've got the wrong coin.
No confusion here. Im talking about CCN cannacoin. See quote below from Cannacoin (user):
Seems clear to me.
Quote
Quote from: Cannacoin on November 21, 2014, 07:40:35 AM
Announcements: Finalized POSV Details & release announcement.
Checking in to provide some details on the transition proof-of-stake... We are in the processes of completing Mac, Windows and Linux builds and will have downloads targeted for release Monday.
The details for the new PoSV network will be as follows:
1) 2% Annual Network Staking Interest
2) Coinstake maturity after 70 confirmation
3) 3 Confirms for standard transactions
4) LAST POW BLOCK = 370,000
This update will be a HARDFORK release, ALL clients must be updated PRIOR to block 370,000 in order for you to secure your funds on the CCN network. Please check in regularly in the coming weeks as we move through this transition, there may be important announcements or updates requiring action on your behalf.
Along with the updates we have launched a brand new test network that will provide a simulation of the CCN network for development purposes, this will be accessible at startup using the -testnet flag and will be baked into the original Cannacoin QT/Daemon (no need to download another client). We are also planning a secondary faucet to be utilized for acquiring a good sum of testnet coins for testing & development.
The new code is available for peer review on github, we will be merging this repository into the main Cannacoin repository as a new branch upon release for proper maintainability and historical reference to older versions of the codebase.
https://github.com/Cannacoin-Project/ccn-redd/
Final note, for anyone with questions about "how does the new network work?" we are planning a release of a completed Cannacoin FAQ with lots of details pertaining to the new proof-of-stake model, I should have this completed within the coming days. The FAQ covers a lot of the common questions as well as providing some technical insight into the inner workings of proof-of-stake with velocity.
Announcements: Finalized POSV Details & release announcement.
Checking in to provide some details on the transition proof-of-stake... We are in the processes of completing Mac, Windows and Linux builds and will have downloads targeted for release Monday.
The details for the new PoSV network will be as follows:
1) 2% Annual Network Staking Interest
2) Coinstake maturity after 70 confirmation
3) 3 Confirms for standard transactions
4) LAST POW BLOCK = 370,000
This update will be a HARDFORK release, ALL clients must be updated PRIOR to block 370,000 in order for you to secure your funds on the CCN network. Please check in regularly in the coming weeks as we move through this transition, there may be important announcements or updates requiring action on your behalf.
Along with the updates we have launched a brand new test network that will provide a simulation of the CCN network for development purposes, this will be accessible at startup using the -testnet flag and will be baked into the original Cannacoin QT/Daemon (no need to download another client). We are also planning a secondary faucet to be utilized for acquiring a good sum of testnet coins for testing & development.
The new code is available for peer review on github, we will be merging this repository into the main Cannacoin repository as a new branch upon release for proper maintainability and historical reference to older versions of the codebase.
https://github.com/Cannacoin-Project/ccn-redd/
Final note, for anyone with questions about "how does the new network work?" we are planning a release of a completed Cannacoin FAQ with lots of details pertaining to the new proof-of-stake model, I should have this completed within the coming days. The FAQ covers a lot of the common questions as well as providing some technical insight into the inner workings of proof-of-stake with velocity.
