Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees.
Topic: What is stake? (Read 359 times)
I would like to ask what is stakes and how much will it be if you convert it into bitcoin? Please share your thoughts , please share , and will be appreciated if you do thanks
campaign use stake system only altcoin campaign not bitcoin
stake distribution can you receive coin, sample alocation to campaign one million coin, total staket 1000 and you can get 10 stake
(10/1000)x1000000 = you can get 10 coin, about convert to bitcoin still wait after coin listing to exchanger
I would like to ask what is stakes and how much will it be if you convert it into bitcoin? Please share your thoughts , please share , and will be appreciated if you do thanks
Stake = your share of the bounty. But how much will be in BTC... it's kind of tricky to get it.
Most ICOs have a minimum pre-set share price. But will the price keep when they goes in exchange, nobody know for real.
Nowadays there are just so many ICOs that it's better to support the one you've believe in that to look the highest price.
Stake is another way how to calculate how many coins you should get when you have finished promote new ICO. This can calculated by "Total of your stake/Total of all participants stake)*Total reserved coins for bounty. Ex: Total reserved bounty after ICO is 100,000 coins and your stake is 10, and total stake of all people are 1000. You will get (10/1000)*100,000 = 1000 coins.
I would like to ask what is stakes and how much will it be if you convert it into bitcoin? Please share your thoughts , please share , and will be appreciated if you do thanks
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