Topic: [ANN] [OCP] OC Protocol | NO PREMINE | SHA256 TRIPLE | HYBRID POW/POS - page 4. (Read 4626 times)

Hi,

Yes but is it possible if you can let me know how to add node as It's not working for me.

Hi guys,

My wallet is not syncing. when I am adding the nodes I am getting error :-


09:47:11

Method not found (code -32601)

By having 0 reward on POS , it will discourage people to hold the coin. Then it will be dumped in the market and the price will spiral downward.

By having 0 reward on POS , it will discourage people to hold the coin. Then it will be dumped in the market and the price will spiral downward.

By having 0 reward on POS , it will discourage people to hold the coin. Then it will be dumped in the market and the price will spiral downward.

Reward scheme:

Proof of Work:
- NO PREMINE
- 0 REWARD until height 500 (approx 3 days, to avoid lowdiff instamine and to allow everyone to get ready)
- After block 499, reward is 50 COINS.
- Halving every 4-8 years (every 420480 blocks, see below for explantion why it is not exact when the halving happens)

Proof of Stake:
- NO REWARD, ONLY TRANSACTION FEES
- A Stake will occur ONLY IF there is a transaction in the mempool that is paying the fee

Because of unique reward structure - "no reward pos blocks", the total amount is not exact:
Case A: Nobody makes a single transaction in the entire liftime of the network, meaning all the blocks were PoW, creating rewards along the way, making the total supply 42 milion.
Case B: There is always a transaction in the mempool, keeping the average block time at 5 minutes, blocks are distributed 50:50 between PoW:PoS, totaling the supply at around 21 milion.
Case C: Things balance somewhere in between, the total supply is still predictable in the medium term <<<--- Most likely scenario

The idea behind the reward structure:
- PoW miners get payed by the network for spending energy and securing the network
- PoS miners (stakers) get payed by people using the network (paying transactions fees) in the begining that is practically zero, but the expenses of running a full node while the network is young is also close to zero (incentive to run a full node grows as the network grows or more accurately, when transaction volume grows)
- Long term competition develops in the fee market between the miners and stakers, pushing the price of fees downwards for the users.

So you're just want to make Onecoin alive again and not forgotten. It would be nice if you put this new thread link in to coinexchange. If anyone in trouble they will come to this new thread.