This is probably a silly question. But I don't remember this when I had the first wallet. I am staking with about 2 million Bay. My stake weight is always changing, along with my spendable amount. Last time I staked I thought it used the entire balance which was also spendable... This is not a complaint. I am happy but curious how that works.
Never a silly question. You are already smarter than half the vets of cryptoland. If you are not trying to sell your POS coins, then it should be in your wallet staking - where a middleman can't screw things up for ya.
I'm no expert, but maybe with the new wallet, it caused the coin age to reset back to 0 days/hours maturity? Though after each maturity, the coins split and continue to split into smaller fractions. In theory this supposedly just allows you to accumulate smaller amounts of stake rewards but at a faster rate, so in theory, it's the same amount of interest as if you had a maximum amount of coins maturing at the hourly set limit, yet over time you'll just get fractions every few seconds (depends on block time). Supposedly helps secure the network that way.
My question for anyone to answer is... what is the set amount of fractions the coin splits into and who dictates that amount??? So let's say you have 2 million coins, and after a year of constant staking, those coins split into 1 coin stake rewards and continue to split even more... How exactly does the entire wallet stake all the mature coins on hold if these splits can only allow so much to stake per block time reward and continue to split?
Shouldn't there be a set limit to how many maturity splits are allowed? LIke I said in my example if I have on average 1 coin stake per 1 minute block time (or whatever it is) that's only 60 coins staking per hour x 24 hours x 365 days = 525,600 coins out of the original 2,000,000 staking. Granted I'm just giving a generalized example, but can anyone explain what I'm missing here?
Thanks in advance!
