POS interests meaning ? | Bitcointalksearch.org

Fromse

newbie

Activity: 37

Merit: 0

Quote from: gorbal on October 28, 2018, 09:51:40 AM

Sorry for the stupid question, but please could somebody explain me what does POS INTERESTS mean ? Thank you.

POS means proof of staking. There are ways of blockchains work, some of the coins requires you to mine them, some of them requires you to use your storage, some of them wants your band with or whatever. Proof of Stake wants you to keep your wallet online all the time and hold a certain amount of the coin itself. If you use any coin that uses the POS system on their wallet than you will get the coins, put them on your wallet, keep your wallet online 7/24 and than they will give you a certain interest to you for it. Sometimes its 3-4% sometimes its extravagant like 50% a year.

In the end you will end up with money constantly just to have the coins on your wallet and staying online. That way you are basically putting your money into a bank savings account but instead of dollars you are using some other coin you believe that will get higher in price.

Braeden Hahn

newbie

Activity: 28

Merit: 0

If you are using a token and staking it on the POS network, you will get a small interest. This small interest is known as POS interest. This interest is quite good.

dhemasm

full member

Activity: 1829

Merit: 134

Moderator

PoS = Proof Of Stake Unlike PoW (Proof Of Work) system, where user validates transactions by performing a certain amount of computational work for a new block, Proof Of Stake system requires the user to show ownership of a certain number of cryptocurrency units (Depends on what coins). The New block is chosen in a pseudo random , depending on the user stake. In the Proof Of Stake system, blocks are said to be minted or forged, not mined like PoW and the user who validate the transactions called Forgers.

As some people say above, you will get an interest or rewards (?) from the network if you hold a coin (depending on the coin you have and the system that it applies) So Like Getting A Chance to be Paid Interest on Coins you have (like a Savings Account).

Angie Vasquez

newbie

Activity: 26

Merit: 0

POS interest means if you are using your tokens and then staking it to the network and you will get a little interest from the network in every month. If POS interest is 5% I will get 5% on my coins in the wallet yearly or monthly.

MelodyCrypto

full member

Activity: 434

Merit: 100

Proof of Stake (POS) can be interpreted as "Money Investment" in a traditional bank by holding a number of altcoins in a certain period you will get an interest (shares) in the form altcoin
But this method is very risky, considering the price of cryptocurrency is very fluctuations

Kasen Matthews

newbie

Activity: 28

Merit: 0

POS interest is if you're investing money in kinda others investment who would pay you a per the profit and you'll get benefitted in some percentages from that. But that might mean that you won't be allowed to exchange anytime you want, you just have to wait for a certain amount of time.

Mickie James

newbie

Activity: 7

Merit: 0

POS interest usually means if you're using your tokens while staking it to the network you will get a little interest from the network. Since you're new to using POS I'd advise you to read an article or two on POS as that will help you get a grasp of the bigger picture considering if you're investing your time into something it's best to study up on it in order to get the most results from working on it.

BarneyXC

newbie

Activity: 26

Merit: 0

Proof of Stake is where mining power is based on how many coins a person holds. New coins are created as interest paid on existing coins. The more you hold, the greater the chance of getting interest.

gorbal

member

Activity: 166

Merit: 11

Quote from: VanDeinsberg12 on October 28, 2018, 10:34:47 AM

Quote from: gorbal on October 28, 2018, 09:51:40 AM

Sorry for the stupid question, but please could somebody explain me what does POS INTERESTS mean ? Thank you.

POS interest means if you are using your tokens and then staking it to the network (POS) and you will get a little interest from the netwoek in every month because you have been giving a contribution to secure the POS network through staking your token. You can see NEO as the network that used POS as the main system and it has distributed GAS coin as interest to the stakers.

Thanks a lot. So, it means that if POS interest is 5% I will get 5% on my coins in the wallet yearly or monthly ?

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: gorbal on October 28, 2018, 09:51:40 AM

Sorry for the stupid question, but please could somebody explain me what does POS INTERESTS mean ? Thank you.

POS interest means if you are using your tokens and then staking it to the network (POS) and you will get a little interest from the netwoek in every month because you have been giving a contribution to secure the POS network through staking your token. You can see NEO as the network that used POS as the main system and it has distributed GAS coin as interest to the stakers.

gorbal

member

Activity: 166

Merit: 11

Sorry for the stupid question, but please could somebody explain me what does POS INTERESTS mean ? Thank you.

Topic: POS interests meaning ? (Read 133 times)