this is a interesting coin , just pick some up and see how the staking goes
Hello kprell40, you're welcome to the Colossuscoin/V2 Community!
How does ColossusCoin2.0 Proof of Stake work?Proof of Stake means proving ownership of the amount owned through time. When someone sends ColossusCoin2 Coins to your wallet they are encoded with the time at which they have been received and begin to accumulate Coinage. Coinage is measured by the amount of Coins times the number of days they have been stationary in your wallet. After 7 days of being stationary in your wallet, Coins will be eligible to "Stake" and will compete on the network to prove ownership. Coinage accumulates automatically, you do not need to have your wallet running but once your ColossusCoin2 Coins are past the minimum age of 7 days, they will only Stake once your wallet is open and connected to the network.
Coin ControlYou can view the sizes of all your Blocks, by using the Coin Control feature located in the "Send Coins" tab of your wallet and can sort them by addresses, size, weight and time received
Coin control lets you view your transactions and the amount of Coins in each Block you have along with it's confirmations.
You can enable it by going into "settings" then "options" and under the "display" tab, choose "display Coin control" and apply the changes.
Then you go back to the Wallet and go to "Send Coins" and you can now view a list of all your Blocks and can sort it by size, confirmations or addresses.
You can gain the most Stake reward by managing the sizes of your Blocks with Coin Control, you can select multiple smaller Blocks and send them to yourself to combine them into one larger Block so they Stake sooner, or select a larger block and send smaller amounts to yourself to so you have more Blocks competing on the network for higher rewards. Each time you send a transaction, it costs 20 CV2 and it resets the Coinage back to zero to begin accumulating once again.
Your reward per day and per year is based on the amount of Coins you own, the sizes of the Blocks of Coins, and the amount of people Staking their Coins on the network. If there is a low amount of people Staking their Coins, smaller Blocks of Coins will Stake sooner for higher rewards ie. If you Stake but other people do not, you receive the rewards that they would have received.
You should check out the new block explorer at https://www.blockexperts.com/cv2