Can one of the developers please explain how Signatum's full Proof of Stake system will work after the 100,000th block? So if we currently have our coins stored on Signatum wallet, after the 100,000th block, will we have the choice to move them into the "stake" category and earn 5% of staked coins? Thanks.
I'm also curious to know (and excuse this if there's an obvious answer), but where does the 5% 'interest' on staked coins come from at this point, if no new coins are being mined?
Thanks.
Usually your wallet creates the block when it gets the stake reward and creates new coins.
Shall the wallet be kept open at all time and NOT encrypted to participate at the POS after bock 100 000?
Why is the website indicating
78,335,162
CURRENT SUPPLY
I see max value in faq being 137,500,000.
but the block number being 37165?
When is the estimated day for the block 100 000 ?
30,000 x 2500 = 75,000,000
30,000 x 1250 = 37,500,000
40,000 x 625 = 25,000,000
total 137,500,000
The first 30K blocks produced 2500 coins per block
30K - 60K will produce 1250 coins per block
The last 40K blocks make 625 per block
It all adds up just right.