Oh, can anybody explain to me what "Stake Interest %" implies? I see this advertised on many altcoins but don't grasp the concept.
Thanks!
Trying to explain you in the easy way:
E.g., a random coin promise 10% of stake interest a year...
If you have in your wallet (pc wallet always synchronized and staking) the amount of 10,000 coins, @ the end of one year u will have 10,000 coins + 10% = 11,000 coins.
Interesting, thanks a lot NSA360. Do you know how they can manage to give out x% of stake interest? The whole concept of getting profit for holding is a little new to me. Appreciate your help man.
Trying to get you one simply way to imagine how it works (not technical): eg...40% of all coins (imagine crypt) for PoW and 60% of coins for PoS.... 40% will be mined till a block number. After reach that block number, the other 60% of coins will be payed for the amount of coins that you have in your wallet vs your weight and vs the network weight (a short of "amount of wallets online"). Well, there are more things that you should know, more technical, but it +/- like as i've said.
Anyway, take a look in here: http://en.wikipedia.org/wiki/Proof-of-stake