I am also supportive towards adding POS but could we also add POT (like Fluttercoin has)?
POS would encourage saving and holding coins and POT spending and doing transactions.
I don't know it could be a perfect combo
Sorry for being an ignorant, but could you explain POT idea to me and others, who have no idea what that is POS would encourage saving and holding coins and POT spending and doing transactions.
I don't know it could be a perfect combo
Well I don't really know how it works "under the hood". I just found this proof of transaction mining an interesting addition to further secure the blockchain and offer some incentives for using coins. Here's something I found from Fluttercoin thread:
"its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality."
Hope this helps!
Yeah it helped a lot. I got a clean view on POT. Thx, mate
no stealing possible whatsoever!