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Title: A + use case we never had yet Post by: Gorosden on November 17, 2020, 06:52:04 AM What are developers waiting for? Are they just going to keep introducing what we've seen several times before? Why haven't we seen a project with Proof of stake that can be staked in its very own wallet? Every single top POS coins I knew don't have this ability, it's always down to moving them to top exchanges or other staking address
Title: Re: A + use case we never had yet Post by: pedrillo0 on November 17, 2020, 08:03:07 AM What are developers waiting for? Are they just going to keep introducing what we've seen several times before? Why haven't we seen a project with Proof of stake that can be staked in its very own wallet? Every single top POS coins I knew don't have this ability, it's always down to moving them to top exchanges or other staking address There are several cryptocurrencies that make POS from your own wallet. The point is, they were mostly unsuccessful! People want innovations, that's why POS coins now staking online ... Title: Re: A + use case we never had yet Post by: NeuroticFish on November 17, 2020, 08:11:03 AM What are developers waiting for? Heh, you've got it wrong. In-wallet POS was the first kind of POS. The history shows it was a failure, hence the developers moved on for something they've considered it could be better. I remember MagiCoin (https://bitcointalk.org/index.php?topic=735170) had in-wallet POS (and also CPU mining). I don't know how active/alive it still is, still it can be something to read if you have the time and mood. Basically it started good, but the price kept falling, the volumes kept also falling, then the bigger exchanges delisted them, then the prices have fallen even more... It was a coin I liked. It was also a coin that made me understand that in-wallet POS is not a good idea (and neither CPU mining). Title: Re: A + use case we never had yet Post by: Doranile432 on November 17, 2020, 08:39:14 AM What are developers waiting for? Are they just going to keep introducing what we've seen several times before? Why haven't we seen a project with Proof of stake that can be staked in its very own wallet? Every single top POS coins I knew don't have this ability, it's always down to moving them to top exchanges or other staking address There are several cryptocurrencies that make POS from your own wallet. The point is, they were mostly unsuccessful! People want innovations, that's why POS coins now staking online ... Title: Re: A + use case we never had yet Post by: Ucy on November 17, 2020, 04:44:29 PM One of the easy solutions to this is to download cryptocurrency Blockchain based on PoS consensus and stake on full node. Unfortunately, it quite difficult for every user to download huge Blockchains, which a number of cryptocurrencies have, to run full nodes... worst still, certain cryptocurrencies made the amount of coins required to participate in network consensus (PoS consensus) unaffordable/expensive for much of their crypto network participants. Quite a dangerous setup for "well decentralized" networks.
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