Can someone with good understanding of PoS send me a private message? I have an issue and devs sleep now.
i found this
Proof-of-Stake Mining. In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.
The digital currencies who use the proof-of-stake method almost always use it in combination with proof-of-work mining. Otherwise, the temptation to invest heavily, but not take an active role in mining data blocks, could result in extremely slow mining. This in turn could result in longer transaction times and lower transaction security, neither of which are healthy for an alternative currency.
but im a newbie - hopefully someone corrects me
what this means to me is i move my NAV from the exchange and stake them in my NAV wallet - am i correct anyone
Hopefully someone private messages you
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