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Title: How do minting is done for an proof of stake coin. Post by: h.fisherman on March 21, 2017, 02:55:17 PM I have read about proof of stack and proof of work. Many coins have a hybrid system like the start with a proof of work and once the specified amount of block are generated it switches to proof of stack. I am confused about how this transition happens ie. coin moving from proof of work to proof of stack algorithm. Are there any steps to do this transition or that transition happens automatically. Also, I want to understand in proof of stake stacking of coin is done?
Title: Re: How do minting is done for an proof of stake coin. Post by: Ayers on March 21, 2017, 04:18:22 PM in proof of stake the minign is done with the amount of coins you have, in your wallet, the more coins the more chance to solve pos block, it has usually a minimum age and a maximum age for minting, the transictino you are talking about it's probably in the code, where they set a last pow block and the pos start from there, you need some programming skill for this
Title: Re: How do minting is done for an proof of stake coin. Post by: h.fisherman on March 23, 2017, 10:03:19 AM in proof of stake the minign is done with the amount of coins you have, in your wallet, the more coins the more chance to solve pos block, it has usually a minimum age and a maximum age for minting, the transictino you are talking about it's probably in the code, where they set a last pow block and the pos start from there, you need some programming skill for this I did try to clone peershares and also I cloned it successfully. But it after completion of proof of work block it did not start with proof of stack even though having balance in my wallet. Can share guide of peercoin and how to clone it? if you have it. |