Hello,

We are a team of crypto devs and programming experts. We're looking to gather a team to make an online Bitcoin-based business (like Gambling, etc). Any ideas and team ups are welcome.

Thank you

Hello all,

I understand how does Bitcoin's PoW system work. Solving a math puzzle with arbitrarily difficulty so that the block target time of N minutes is met. But the whole minting / forgin / staking system is confusing for me. I know that in PoS holding coins helps the network to agree on a series of events happened, and it mitigates the %51 attack. I need a more technical view.

1) How does the network meet the block target time without solving a math problem with a given difficulty ?
2) In the PoW system, the node that solves the math problem is rewarded. Who is rewarded in a PoS network ? How does the network 'select' someone for the generation of the next PoS block ?
3) It seems that the interest rate is the rate nodes are rewarded to generate PoS blocks. What is the relation of this rate and the network's security ? May it be any number ?
4) I read in the PeerCoin whitepaper, that the coin age is consumed in a PoS block. So whats the difference between online nodes and offline nodes that stake once in a while ? Doesn't that reduce the network's security ?
5) Is 'minting' equivalent to 'mining' ? What is 'forging' then ?
6) Before asking you guys I tried to search. The only whitepaper with a near to good explanation was the PeerCoin whitepaper. Any other sources of information ?

Thank you all !

Hello,

I'm a security professional active in the industry for about 7 years. I'm mostly involved with penetration testing, exploit development (PoC), cryptographically strong proofs and formal verification/validation of information systems. Shoot anything you want.