Can someone explain to me how PoS works? - page 4.

Skunk Fu

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Activity: 42

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Quote from: Troonetpt on May 07, 2015, 05:39:28 AM

Quote from: Skunk Fu on May 07, 2015, 05:24:50 AM

Quote from: Troonetpt on May 07, 2015, 05:16:17 AM

you should understand there are two types of pos coin, and there are totally different.
this is important！
One have annual interest such as ppc and BC.
One don't have annual interest such as NXT and Qora.
The annual interest is totally wrong and the amount coin is infinite, you should keep away from such coins.

OK, that sounds interesting.
Can you provide me with more info?

How does NXT and Qora work?

NXT and Qora don't have interest, they only earn transaction fee. It more like all bitcoin was mined and the miner will only earn transaction fee.
Interest is totally wrong, the infinite amount coins make is worthless.

Interesting.
I will look into this two coins.
Thanks again.

Troonetpt

sr. member

Activity: 322

Merit: 250

Quote from: Skunk Fu on May 07, 2015, 05:24:50 AM

Quote from: Troonetpt on May 07, 2015, 05:16:17 AM

you should understand there are two types of pos coin, and there are totally different.
this is important！
One have annual interest such as ppc and BC.
One don't have annual interest such as NXT and Qora.
The annual interest is totally wrong and the amount coin is infinite, you should keep away from such coins.

OK, that sounds interesting.
Can you provide me with more info?

How does NXT and Qora work?

NXT and Qora don't have interest, they only earn transaction fee. It more like all bitcoin was mined and the miner will only earn transaction fee.
Interest is totally wrong, the infinite amount coins make is worthless.

Skunk Fu

newbie

Activity: 42

Merit: 0

Quote from: Troonetpt on May 07, 2015, 05:16:17 AM

you should understand there are two types of pos coin, and there are totally different.
this is important！
One have annual interest such as ppc and BC.
One don't have annual interest such as NXT and Qora.
The annual interest is totally wrong and the amount coin is infinite, you should keep away from such coins.

OK, that sounds interesting.
Can you provide me with more info?

How does NXT and Qora work?

Troonetpt

sr. member

Activity: 322

Merit: 250

you should understand there are two types of pos coin, and there are totally different.
this is important！
One have annual interest such as ppc and BC.
One don't have annual interest such as NXT and Qora.
The annual interest is totally wrong and the amount coin is infinite, you should keep away from such coins.

Skunk Fu

newbie

Activity: 42

Merit: 0

Quote from: mad max on May 07, 2015, 04:06:16 AM

Any, coins sharing, is better than PoW and PoS.

In English?
Translation?

mad max

newbie

Activity: 14

Merit: 0

Any, coins sharing, is better than PoW and PoS.

Skunk Fu

newbie

Activity: 42

Merit: 0

Quote from: Muhammed Zakir on May 07, 2015, 03:03:51 AM

Learn basic.

https://bitcoin.it/wiki/Proof_of_Stake

http://bitcoin.stackexchange.com/questions/20007/how-does-proof-of-stake-mining-work

Thanks!
Will give it a read

photon_coin

sr. member

Activity: 310

Merit: 256

Photon --- The First Child Of Blake Coin --Merged

I suggest the ppc whitepaper http://peercoin.net/whitepaper

Muhammed Zakir

hero member

Activity: 560

Merit: 506

I prefer Zakir over Muhammed when mentioning me!

Learn basic.

https://bitcoin.it/wiki/Proof_of_Stake

http://bitcoin.stackexchange.com/questions/20007/how-does-proof-of-stake-mining-work

Skunk Fu

newbie

Activity: 42

Merit: 0

Hey guys,

I see a lot of hype about Proof of Stake coins.
Some say annual interest 5% and some say annual interest 50%.

Now, I know how PoW works (more or less),
but I don't understand how PoS or hybrid Pow+PoS works.

Can someone explain it to me?

many thanks Cheesy

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