General important questions for making pos coin

sdmathis

hero member

Activity: 546

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AKA The Rubber Monkey

My advice is to download the source code of a coin similar to the one that you want to make and go through the code line by line until you understand what's going on. That won't turn you into a competent developer, but it will answer most of your questions. If you don't know how to read the code, then you need to learn how before you go any further.

supercanada1

sr. member

Activity: 798

Merit: 253

if i have source code, how can I know the algorithm for pow period so that I can select the miner?
After the pow, during pos period, I do not need to mine, correct?

supercanada1

sr. member

Activity: 798

Merit: 253

why this hppen?
I use X11+POS
ERROR: AcceptBlock() : reject proof-of-stake at height 85
ERROR: ProcessBlock() : AcceptBlock FAILED
ERROR: CheckStake() : ProcessBlock, block not accepted

the POW accepted and POS rejected, so I think POW works but in the same time POS shows this error.

Thanks

supercanada1

sr. member

Activity: 798

Merit: 253

Thanks
After I pow to mine all the blocks, then pure pos, during this period I can just keep getting one new block every min age?

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: supercanada1 on June 10, 2015, 02:19:11 AM

thanks for help,
thinking about:
min age: 1 hour, so a wallet will keep sync at most 1 hour
max age=-1, no limitation
each year: 3-5%
supply: not sure yet, think something like 10500000

POW: 10 blocks(X11), and then POS

I am also thinking in POS period, I should still mine or not, just keep the wallet open?

You would need to mine more than 10 Blocks Depending on the targetspacing (time between Blocks), if it is 1 hour then you should atleast POW mine mine 2 hours worth of Blocks. You can also mine the majority of the Coins in the first Block or just set the POW at 0 reward until you split up the Blocks.

supercanada1

sr. member

Activity: 798

Merit: 253

thanks for help,
thinking about:
min age: 1 hour, so a wallet will keep sync at most 1 hour
max age=-1, no limitation
each year: 3-5%
supply: not sure yet, think something like 10500000

POW: 10 blocks(X11), and then POS

I am also thinking in POS period, I should still mine or not, just keep the wallet open?

Valanor

sr. member

Activity: 252

Merit: 250

Look My eyes

WICH coin better for you ?
~ low POS with superblock (1% and superblock 100%)
~ High POS and low suply (5% /day like MMXIV )
~ normal POS (3-5% /year)
~ DPOS if (block 1-1000 100coin, block 1000-5000 150coin etc.)
~ without POS

Thank's

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: supercanada1 on June 10, 2015, 02:01:05 AM

thank
I think blockchain must add new block to fix "out of sync" problem. When I start wallet, it always shows "out of sync", the wallet start to sync only after a new block added to the chain. In order to add a new chain, a new transaction must happen such as a new block mined. So before the new interest generated, no new block will be generated. The new interest only be generated after the min age, for example, the min_age is 3 hours, after 3 hours, new interest generated, and a new block can be created based on this new interest, and a new block added to the blockchain, and the "out of sync" wallet can keep sync because the new block added to the chain.
in the future, every 3 hours(min age), some interest generated, and a new block generated, and added to the blockchain, and the "out of sync" wallets keep sync, is this correct?
Thanks

yes, this is correct

supercanada1

sr. member

Activity: 798

Merit: 253

thank
I think blockchain must add new block to fix "out of sync" problem. When I start wallet, it always shows "out of sync", the wallet start to sync only after a new block added to the chain. In order to add a new chain, a new transaction must happen such as a new block mined. So before the new interest generated, no new block will be generated. The new interest only be generated after the min age, for example, the min_age is 3 hours, after 3 hours, new interest generated, and a new block can be created based on this new interest, and a new block added to the blockchain, and the "out of sync" wallet can keep sync because the new block added to the chain.
in the future, every 3 hours(min age), some interest generated, and a new block generated, and added to the blockchain, and the "out of sync" wallets keep sync, is this correct?
Thanks

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: supercanada1 on June 10, 2015, 12:19:25 AM

thanks, the time required to sync getting smaller if I make min age to be smaller, so the time to sync will be faster?

No, the time to sync is the same. To sync means to download the transaction history of the Blockchain.

You are only talking about the minimum time a Block will take to Stake.

supercanada1

sr. member

Activity: 798

Merit: 253

thanks, the time required to sync getting smaller if I make min age to be smaller, so the time to sync will be faster?

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: supercanada1 on June 09, 2015, 11:31:51 PM

thanks. so if my min age is 3 hours, interest will be generated every 3 hours, and it will be added to the new block, so the new block will be added to the chain each 3 hours, and the sync can be catch up within 3 hours?

Thanks

Yes, each Block is a transaction you receive and the amount, each Block would Stake after a minimum of 3 hours.

supercanada1

sr. member

Activity: 798

Merit: 253

thanks. so if my min age is 3 hours, interest will be generated every 3 hours, and it will be added to the new block, so the new block will be added to the chain each 3 hours, and the sync can be catch up within 3 hours?

Thanks

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: supercanada1 on June 09, 2015, 01:10:06 PM

also how often the interest coin will be added to my wallet, each day? Which parameter?
Thanks

How often is the min age

supercanada1

sr. member

Activity: 798

Merit: 253

also how often the interest coin will be added to my wallet, each day? Which parameter?
Thanks

supercanada1

sr. member

Activity: 798

Merit: 253

ah。min age means the for a newly mined coin, how long it will start to generate interest? I set it six hours? Correct?
Also max age, if I set max age to be one year, it will generate interest and then after one year it will stop generate interest? Correct? Thanks

supercanada1

sr. member

Activity: 798

Merit: 253

thanks。what means min age？ usually set it how much

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: supercanada1 on June 09, 2015, 01:57:29 AM

thanks, yes, I mean POS only coin, what means the min age of POS coin? for examle, if the min age is 3 months and I have 1000 coins, does that mean the coins will generate interest for 3 months and after 3 months the 1000 coins will not generate interest any more?
Thanks

If it's POS only with no POW and the minimum age is 3 months then the Blockchain would never move as each Block of Coins would not be eligible to Stake again for another 3 months.

supercanada1

sr. member

Activity: 798

Merit: 253

thanks, yes, I mean POS only coin, what means the min age of POS coin? for examle, if the min age is 3 months and I have 1000 coins, does that mean the coins will generate interest for 3 months and after 3 months the 1000 coins will not generate interest any more?
Thanks

mullick

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Activity: 1064

Merit: 1002

Quote from: Crestington on June 09, 2015, 01:38:09 AM

Quote from: supercanada1 on June 09, 2015, 12:28:47 AM

Thanks a lot, for pure POS period, how to keep the wallet sync if I do not need to mine? I think the blockchain must keep getting longer for keeping sync? any easy way to keep sync for POS?

if you have all POS with no POS as in typical PPC/NVC

I think you meant All POS with no POW

If so then it is not typical PPC/NVC as they are POS/POW hybrid chains

Topic: General important questions for making pos coin (Read 1092 times)