Hello Everyone,
I'm working on a new, at the moment just for fun....it will be proof of stake and instant transactions.
It will be similar to PI crypto as you'll have to check regularly to transfer your funds to your wallet.
It won't have any miners, but it will have verifiers, who will check the fairness of the chain.
When registering, you will have to use your real data, that will get hashed in browser and saved on the server as a hash, along with your public key. This, I hope will make sure that users register only once.
I plan to have a low transaction fee that will be disbursed to all the verifiers, who will sign the block.
At the moment I'm thinking this could be used as an in-game currency or a token for proof of stake in the real world (for example making sure things happened in a particular order).
I don't yet have a name for it.
Any comments/suggestions?
If you're doing something like this for fun and experience, it's very good instead of all this greedy scammers that create tons fo shitcoins just to earn few bucks and spam all forum.
However, I am not sure if I understand correctly your concept of confirming transactions and paying for it in the form of a fee. Are you talking about manual verification and confirmation of transactions, or automatic, as in the case of classic PoS?
