To add to the largest amount being staked today by minters at 16-18 million. You also have a large increase in wallets to the biggest amount at over 5,000 now.
Looks like VRC is starting to get some nice distribution.
Yet Another Staking Question: Does the network staking number only include the coins marked "Staked"? If so, there are millions of coins sitting in wallets trying to be staked, but aren't yet. I have a dedicated wallet jut for staking and I have never seen more than 20% of them "Staked" at any time. Matter of fact, the number of my "Staked" coins went down over night... curious.
I have the same question... In fact, it would be nice to see some more details on staking on the vericoin website...
http://www.vericoin.info/interest.html. From what I'm reading (i think) an open wallet is going to earn a dynamic interest rate from 0 to 3%. I had a wallet open for two days and noting happened, so it would be interesting to see some more information on the staking mechanism.
Staking is the counterpart to mining in proof-of-work based cryptos currencies like Bitcoin. You only stake when you generate a block (and therefore confirm transactions within this block). The staked coins serve as proof that replaces the work and of course you can not stake infinite many coins at once. In order to generate a valid block its header has to fulfill a certain property, i.e. its hash must be smaller than a specific target value (specified by the protocol, similar to the difficulty in PoW mining) times the coin age of the coins that you are willing to stake. This is also called weight.
The age of the coins increases linearly over time and reaches back to the PeerCoin protocol (its worth reading the whitepaper!). Staking coins or using them in another transaction resets their age to 0. If you sum up the weight of all staking nodes in the network, you will get the so called network weight. The reward you will get depends on the weight being consumed when putting them on stake and is furthermore scaled in Vericoin by the logarithmic curve of the network weight you see on the first page of this thread, which starts at 0% and converges at ~3%.
The coin age principle ensures that also nodes with a small amount of coins quickly find a block if they come online after waiting for some longer time. This also has some disadvantages which is why BlackCoin now switches to a mechanism that doesn't use coin age anymore (its also worth reading this whitepaper!).
So having all coins on stake at once is quite an unlikely event and furthermore you certainly want to avoid that one node finds several blocks in a row because finding 10 blocks in a row would enable the node to perform a double spend.
Blackcoin developers are actively working on improving the Proof of Stake protocol in the meantime Vericoin developers are working on wallets that incorporate centralized gimmick services, which is quite antithetical to the entire p2p cryptocurrency movement but easier to program. But I guess they can always cannibalize the work of the developers who are actually furthering the protocol and focus on making services that are already accomplished by third parties for blackcoin (holytransaction, expressend, blackhalo).
Even the multipool concept was directly ripped off from blackcoin, but they still can't do it as well. The blackcoin pool has more people, is built by a third party and has way better features.
Truth is any centralized feature that Vericoin builds, we will build open source, more feature rich, more secure and decentralized whenever possible. You can play the short term pump and dump games, while we push cryptocurrency forward.
Any idea someone?
our cute beardy Bear :> 
want to resell that silver coin of yours since you don't need it anymore? better still why don't you donate it to Verifund so it can be auctioned off? 