Can a Self-Mining Coin Exist?

[Collectorcoin]

Just saw a post recently about a Self-Mining Smartcontract coin. Is this a thing and if so how is it even possible?

[jimskiy]

maybe what you talking about is PoS (proof of stake) coin.
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e. the stake). In contrast, the algorithm of proof-of-work (PoW) based cryptocurrencies (such as bitcoin) rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks

You can find ithe detailed here https://en.wikipedia.org/wiki/Proof-of-stake

[Eash]

maybe what you talking about is PoS (proof of stake) coin.
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e. the stake). In contrast, the algorithm of proof-of-work (PoW) based cryptocurrencies (such as bitcoin) rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks

You can find ithe detailed here https://en.wikipedia.org/wiki/Proof-of-stake

Great explanation! Actually Eash is PoS and PoW combined,check https://bitcointalk.org/index.php?topic=2378605.0， their free airdrop is now open.

[Collectorcoin]

maybe what you talking about is PoS (proof of stake) coin.
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e. the stake). In contrast, the algorithm of proof-of-work (PoW) based cryptocurrencies (such as bitcoin) rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks

You can find ithe detailed here https://en.wikipedia.org/wiki/Proof-of-stake

Great explanation! Actually Eash is PoS and PoW combined,check https://bitcointalk.org/index.php?topic=2378605.0， their free airdrop is now open.

So you only came here to Spam your link to your coin? You didn't answer or even touch the topic at hand, Just SPAMMED your link