I have been following this coin for while now, I really like POS coins but I know I still have a novice understanding of how a POS coin really works. Help me understand here please.
So this coin is still in POW/POS phase? With under a month until it goes completely to POS?
Also the graphs say after 4.5 mil coins the POS will be reduced by 25%, where does this 4.5mil come from? Does it mean the amount of coins distributed through people holding and staking? and where can I see how close we are to that 4.5mil marker?
Hope my questions make sense and I look forward to the future of the coin. Big ups to the devs for putting in the work to improve this coin and crypto-currency as a whole.
So this coin is still in POW/POS phase? With under a month until it goes completely to POS?
Also the graphs say after 4.5 mil coins the POS will be reduced by 25%, where does this 4.5mil come from? Does it mean the amount of coins distributed through people holding and staking? and where can I see how close we are to that 4.5mil marker?
Hope my questions make sense and I look forward to the future of the coin. Big ups to the devs for putting in the work to improve this coin and crypto-currency as a whole.
Yes, about a month until we go to PoS only. We are currently at about 930k coins, at 1 mil, PoW will get reduced almost 10x, fro 1.05 to 0.1 DMD per block. This means there will be significantly less coins in the market. At 1.5 milion coins, PoS will also get reduced to 25% per year which means even fever coins in the market. After PoW gets reduced, new coins ll be still mined but at reduced reward and they will also get generated through minting. All in all, if you feel DMD is the coin for you, now is the time to buy cause after April, supply s only going to get more and more reduced. I hope I ve helped a bit.
That is not my understanding. DMD will never be POS only; we are POW/POS, but POW reward will be reduced, not abolished.
Eventually, PON (proof of node) will also be added, making us POW/POS/PON.
